SENSE AND CENTSIBILITY Inflation: Retirement's Silent Killer
I have written two articles recently geared toward retiring successfully. The first was about the benefits of retiring debt-free, meaning why its important to eliminate credit card debts, mortgages an... Posted on 4/4/13 at 10:13 AM
THE NEW FORTY Get Juan on the phone!
When I went to Sunmart last week I about had a conniption fitin the coffee aisle when I saw the price of coffee - $12.99 for a container. And I am not talking an industrial-sized container or the pric... Posted on 6/7/11 at 9:15 PM
STAFF BLOG CAPITOL CHATTER Revenue Department alters tax brackets for inflation
Minnesota's tax brackets will expand next year to compensate for inflation.
The Revenue Department has announced the increase, mandated by law, so taxpayers are not pushed into higher income brackets... Posted on 12/14/10 at 8:48 PM
Kids this year are getting an average of $3.70 per lost tooth, a 23 percent jump over last year's rate of $3. And that's a 42 percent spike from the $2.60 per tooth that the Tooth Fairy gave in 2011, according to a new survey by payment processor Visa Inc., released Friday with an update of the company's Tooth Fairy personal finance app.
Ever since the financial crisis struck and the Federal Reserve began “printing money” in an attempt to contain the damage, there have been dire warnings about inflation — and not just from the Ron Paul/Glenn Beck types.
After years of quiet on the inflation front, a six-month spike in the prices of grain, meat, dairy, energy and oil is squeezing through the U.S. food system. The wave hasn't hit consumers full-on, but it's coming.
The spending power of families is being squeezed, government data showed today, highlighting doubts about consumers’ ability to drive the economic rebound. Workers saw their inflation-adjusted weekly wages fall 1.6 percent last year — the sharpest drop since 1990 — even as consumer prices rose only modestly. Slack pay and scarce job growth, along with tight credit and a rising savings rate, are holding back spending. That’s hindering the recovery.
Consumer prices were flat in July as energy costs retreated following a big surge in June. Over the past 12 months, prices dropped the most in nearly six decades as the recession and lower energy costs kept a lid on inflation.
It’s no secret that raising children can be expensive, but how about nearly a quarter of a million dollars expensive? A government report released Tuesday says a middle-income family with a child born last year will spend about $221,000 raising that child through age 17.
The federal deficit has topped $1 trillion for the first time ever and could grow to nearly $2 trillion by this fall, intensifying fears about higher interest rates, inflation and the strength of the dollar.
Over the past few decades, health care inflation has exceeded the general rise in prices by about 2.5 percent a year. These inexorably rising costs are bankrupting the nation, walloping businesses and squeezing middle-class salaries.
Suddenly, everyone is talking about inflation. Stern opinion pieces warn that hyperinflation is just around the corner. And markets may be heeding these warnings: Interest rates on long-term government bonds are up, with fear of future inflation one possible reason for the interest-rate spike.
Mortgage rates tumbled to historic lows today after the Federal Reserve’s sudden decision to print $1.2 trillion and pump it into the economy, a move that also triggered warning signs of inflation — a weaker dollar and the highest oil prices of the year.
Jeannine Aversa and Alan Zibel
, March 19, 2009
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