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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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.
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.
What Retirement Means for Men and Women
In general, retirement rates have increased during the pandemic. Before COVID-19, the retired population grew by about 1 million retirees per year. But during 2020 and 2021, 3.5 million more people retired
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.
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.
Retirement Planning: Because Living Off Ramen in Your 70s Isn’t the Dream
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.
Retirement Makeover
Many babies born today in the developed world are expected to live nearly 100 years. Given the vast changes over the past two decades in medicine, technology and the ways we work, communicate and even entertain ourselves, it’s almost hard to imagine how different life will be in 100 years.
Consumers: Buying Power in 2022
One of the biggest economic stories of the first quarter was the rising rate of inflation, as consumer prices reached a 39-year high by the end of 2021. In the first quarter, the inflation rate floated around 7%.
What’s Up With Real Estate?
The U.S. housing market is still suffering from low inventory: too few houses available for the numbers of home-seeking buyers. Naturally, the capitalist principals of supply and demand kick in, meaning that prices inevitably rise when there are too few products available to purchase.
What Retirement Means for Men and Women
In general, retirement rates have increased during the pandemic. Before COVID-19, the retired population grew by about 1 million retirees per year. But during 2020 and 2021, 3.5 million more people retired
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.
Retirement Planning: Because Living Off Ramen in Your 70s Isn’t the Dream
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.
Balancing “Real Life” With Caregiving
During 2020, more than 65 million American women provided unpaid care for their children, family members, and elderly relatives. It’s easy to imagine that many of them likely juggled caring for a combination of these types of dependents. If you’ve ever provided ongoing caregiving duties for a parent, partner, child, sibling or someone else, you may recognize common feelings of being overwhelmed, exhausted, out of your depth and even somewhat resentful — and then feeling guilty.
Retirement Makeover
Many babies born today in the developed world are expected to live nearly 100 years. Given the vast changes over the past two decades in medicine, technology and the ways we work, communicate and even entertain ourselves, it’s almost hard to imagine how different life will be in 100 years.
Consumers: Buying Power in 2022
One of the biggest economic stories of the first quarter was the rising rate of inflation, as consumer prices reached a 39-year high by the end of 2021. In the first quarter, the inflation rate floated around 7%.
What’s Up With Real Estate?
The U.S. housing market is still suffering from low inventory: too few houses available for the numbers of home-seeking buyers. Naturally, the capitalist principals of supply and demand kick in, meaning that prices inevitably rise when there are too few products available to purchase.
What Retirement Means for Men and Women
In general, retirement rates have increased during the pandemic. Before COVID-19, the retired population grew by about 1 million retirees per year. But during 2020 and 2021, 3.5 million more people retired