In June 2022, the inflation rate soared to 9.1%, marking the highest recorded since 1981. This surge may raise alarms, conjuring memories of economic turmoil from decades past. However, it’s essential to keep perspective. While 9.1% is indeed significant, it pales in comparison to the inflation crisis of 1980 when average annual inflation skyrocketed to a staggering 13.5%. This historical context illuminates that while inflation remains a concern, the current rate is not unprecedented.
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Navigating Inflation: Understanding Its Impact and Strategies for Protection
In June 2022, the inflation rate soared to 9.1%, marking the highest recorded since 1981. This surge may raise alarms, conjuring memories of economic turmoil from decades past. However, it’s essential to keep perspective. While 9.1% is indeed significant, it pales in comparison to the inflation crisis of 1980 when average annual inflation skyrocketed to a staggering 13.5%. This historical context illuminates that while inflation remains a concern, the current rate is not unprecedented.
How Legal Settlements and Fees Are Taxed
Let’s say you are involved in a serious auto accident. You may sue the other driver to pay for damages not covered by the insurance companies. Perhaps you even receive a large settlement. Are you on the hook for taxes on that lawsuit payout? It depends. According to the IRS, monies received for personal injuries or illness are exempt from income taxes. If you receive a settlement for mental and emotional distress, that may also be tax exempt if it is directly related to a physical injury or illness.
The Business of Influencing
For centuries there have been leaders in government, companies, churches, and local communities that influence people through their opinions. Then advertisers took advantage of this phenomenon to influence consumers with print advertisements and commercials.
This is Your Brain on Technology
Facebook CEO Mark Zuckerberg recently announced that the company is rebranding as “Meta.” The initiative is designed to focus the company’s vision on virtual reality (VR) in the future, through what Zuckerberg refers to as the “metaverse.”
U.S. Health Care in a Post-COVID Era
As many workers returned to their offices this fall, employers took on much of the expense of paying for weekly COVID testing, as well as insurance coverage and paid leave for sick and quarantined workers. These extra expenses may well lead to higher insurance premiums for everyone.
Who Wants To Work?
An important economic driver for America — working consumers — is dwindling. For example, the Denver International Airport recently hosted a concessions job fair to fill around 1,000 openings at the airport for jobs at stores, restaurants, and other businesses.
Pets and Pet Insurance
One of the silver linings coming from the pandemic is that when pet shelters had to close temporarily during lockdowns, a call went out for foster homes so animals would continue receiving the necessary attention. Many of those pets were so loved that they were adopted rather than returned to shelters.
Top 10 Actions When Preparing For Retirement
Planning for retirement income may seem like a daunting task, but can help you get a handle on preparing for your financial future.
Unlocking the Power of Annuities: Your Gateway to Financial Freedom
In June 2022, the inflation rate soared to 9.1%, marking the highest recorded since 1981. This surge may raise alarms, conjuring memories of economic turmoil from decades past. However, it’s essential to keep perspective. While 9.1% is indeed significant, it pales in comparison to the inflation crisis of 1980 when average annual inflation skyrocketed to a staggering 13.5%. This historical context illuminates that while inflation remains a concern, the current rate is not unprecedented.
Replenish Emergency Funds
Americans have largely been on one of two tracks since the beginning of the pandemic: Those who suffered income and net worth losses and those who gained wealth. A good example of this was the result of relief checks mailed out by the federal government.
Tax Notes
This year, the official start date for filing 2021 income tax returns was Jan. 24, and the season ends on April 18 for most filers. According to the IRS, the typical period for refunds is three weeks or less. Be aware that you can speed up the process by filing electronically and submitting your direct deposit information.
The 2022 Economy: Reasons To Be Positive
Year-end brought a resurgence of COVID-19 panic, led by the onset of the omicron variant in the United States. Families and friends met in large gatherings during the holiday season, the weather got cooler — sending people indoors — and hospitals became overwhelmed with new coronavirus cases.
The Business of Influencing
For centuries there have been leaders in government, companies, churches, and local communities that influence people through their opinions. Then advertisers took advantage of this phenomenon to influence consumers with print advertisements and commercials.
This is Your Brain on Technology
Facebook CEO Mark Zuckerberg recently announced that the company is rebranding as “Meta.” The initiative is designed to focus the company’s vision on virtual reality (VR) in the future, through what Zuckerberg refers to as the “metaverse.”
Unlocking the Power of Annuities: Your Gateway to Financial Freedom
In June 2022, the inflation rate soared to 9.1%, marking the highest recorded since 1981. This surge may raise alarms, conjuring memories of economic turmoil from decades past. However, it’s essential to keep perspective. While 9.1% is indeed significant, it pales in comparison to the inflation crisis of 1980 when average annual inflation skyrocketed to a staggering 13.5%. This historical context illuminates that while inflation remains a concern, the current rate is not unprecedented.
COVID, Life and Insurance
By mid-January 2022, the United States had recorded more than 865,000 deaths attributed to COVID-19. Once the vaccine was available in early 2021, life insurance companies expected COVID-related deaths to decline.
Replenish Emergency Funds
Americans have largely been on one of two tracks since the beginning of the pandemic: Those who suffered income and net worth losses and those who gained wealth. A good example of this was the result of relief checks mailed out by the federal government.
Tax Notes
This year, the official start date for filing 2021 income tax returns was Jan. 24, and the season ends on April 18 for most filers. According to the IRS, the typical period for refunds is three weeks or less. Be aware that you can speed up the process by filing electronically and submitting your direct deposit information.
The 2022 Economy: Reasons To Be Positive
Year-end brought a resurgence of COVID-19 panic, led by the onset of the omicron variant in the United States. Families and friends met in large gatherings during the holiday season, the weather got cooler — sending people indoors — and hospitals became overwhelmed with new coronavirus cases.
The Business of Influencing
For centuries there have been leaders in government, companies, churches, and local communities that influence people through their opinions. Then advertisers took advantage of this phenomenon to influence consumers with print advertisements and commercials.