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  • Vast majority of older Americans worried inflation will outpace their income: AARP
    An overwhelming majority of older Americans say they are stressed out about the country's persistently high inflation, according to fresh data.A recent survey by AARP, the full results of which are set to be released later this month, found that 70% of U.S. adults aged 50 and older are worried about prices rising faster than their income.The findings shared with FOX Business come on the heels of this week's Labor Department data showing the consumer price index – a broad measure of the price of everyday goods including gasoline, groceries and rent – rose again in March for the third straight month to 3.5% from a year ago.MEDIA HAS BEEN ‘GASLIGHTING’ THE AMERICAN PUBLIC ON INFLATION: LARRY MCDONALDAlthough inflation has fallen considerably from a peak of 9.1%, it has remained well above the Federal Reserve's 2% target for more than two years."Inflation coming down does not mean prices are coming… ..... Read More.
    FOX BUSINESS – Latest | Business & CommerceFri, April 12, 2024
    30 mins ago
  • That Giant College ‘Sticker’ Price Isn’t What Most Students Pay
    The share of those paying the full advertised cost has declined over the last couple of decades, a new report found. Yet many don’t understand how much they’ll really pay. ..... Read More.
    THE NEW YORK TIMES – Business | Business & CommerceFri, April 12, 2024
    30 mins ago
  • Trump or Biden? The Stock Market Doesn’t Care.
    Prediction markets say former President Donald J. Trump has a good chance of winning. So far, the stock market is fine with that. ..... Read More.
    THE NEW YORK TIMES – Business | Business & CommerceFri, April 12, 2024
    30 mins ago
  • NIL-era college athletes navigate new realm of financial literacy
    "All of the issues that pro athletes have dealt with for years are now going downstream," said former NFL player Brandon Copeland. ..... Read More.
    CNBC – Business | Business & CommerceFri, April 12, 2024
    30 mins ago
  • Economists weigh pros and cons of Trump plan for 60% tariff on China
    Former President Trump's plan to "tax China to build up America" is either a necessary means to protect the U.S. economy or an oppressive tax on consumers and businesses, depending on who you ask.  Last month, the presumptive GOP presidential nominee rolled out a plan to eliminate China's most favored nation trade status and impose universal baseline 10% tariffs on imports. In private, Trump has even floated tariffs as high as 60% on Chinese goods, according to the Washington Post.Trump argues that high tariffs are needed to reward domestic manufacturers and punish foreign companies who "export American jobs." "Joe Biden claims to support American manufacturing, but in reality, he is pushing the same pro-China globalist agenda that ripped the industrial heart out of our country," he said in a policy video released in February. ELON MUSK SAYS CHINESE EV COMPANIES WILL ‘DEMOLISH’ COMPETITION WITHOUT TARIFFS"Very simply, the Biden agenda taxes America to… ..... Read More.
    FOX BUSINESS – Latest | Business & CommerceFri, April 12, 2024
    30 mins ago
  • Auto insurance premiums are skyrocketing. What’s to blame?
    Surging auto insurance premiums are fanning the flames of high inflation and keeping the financial pressure on millions of U.S. households nationwide. Consumer prices rose 0.4% in March from the previous month and climbed 3.5% from the same time last year, the Labor Department reported Wednesday.Both of those figures came in higher than the 0.3% monthly increase and 3.2% headline gain forecast by LSEG economists.Many of the usual culprits – including rent and groceries – contributed to the surprisingly hot reading. But few categories jumped as substantially as auto insurance. The cost of auto insurance rose 2.6% in March, bringing the total annual gain to 22.2% – the fastest yearly rate on record. When compared with the beginning of 2021, before the inflation crisis began, motor vehicle insurance is more than 50% more expensive.HIGH INFLATION IS COSTING AMERICANS AN EXTRA $1K A MONTHExperts say the problem could soon get worse before it… ..... Read More.
    FOX BUSINESS – Latest | Business & CommerceFri, April 12, 2024
    1 hour ago
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