The Consumer Price Index is up 6.2% over last October. The Department of Labor, which maintains data on the cost of living, has reported that the Consumer Price…
Read MoreInflation
President Discussed Supply Chain with Major CEOs
Concerns about shortages in labor and goods continue to grow. President Biden spoke on Tuesday with the chief executives at Walmart, United Parcel Service, FedEx, and Target to discuss speeding…
Read More
President Visits Baltimore to Promote Infrastructure Bill
Addresses new spending to address rising consumer costs. President Joe Biden traveled to Baltimore, Maryland, on Wednesday to begin his national tour promoting Congress’ passage of the $1…
Read More
IRS Increases 401(k) Contribution Limit
Maximum contributions to IRAs is unchanged. The Internal Revenue Service announced that workers will be able to set aside more money for their 401(k) plans in 2022. The employee contribution limit…
Read More
Fertilizer Shortages May Impact Food Costs
Hurricanes, supply chain issues, and natural gas shortage have contributed. Food prices are already up this year, in some areas as much as 30 percent, and now issues…
Read More
2022 Social Security Benefits Getting a Boost
The increase is the largest in nearly four decades. Roughly 70 million Social Security beneficiaries will see a 5.9 percent increase in their payments beginning next year. The…
Read More
Higher Inflation Creating Pressure on Consumers
President seeks help from the private sector. The Department of Labor reported this week that consumer prices increased solidly in September. Americans are now paying more for food,…
Read More
Social Security Cost of Living Benefit Increased for 2022
5.9% increase aims to address rising inflation. The Social Security Administration announced on Wednesday that it would be increasing its cost of living adjustment (COLA) by 5.9% in…
Read More
Consumer Confidence Hits Seven Month Low
Commerce Department issues report on inflation-adjusted spending. The Department of Commerce released a report that reflects U.S. consumer confidence dropping for the third straight month in a row,…
Read More
Inflation Hits 30-Year High
Numbers are above the Federal Reserve’s target. According to data released Friday by the Bureau of Economic Analysis, inflation has hit the highest rate in 30 years, fueling…
Read More