Inflation Hits New York: $15 French Fries and $18 Sandwiches

As food prices rise at the fastest rate in decades, it’s become more expensive to eat and drink in New York City.

#farmersmarkets, #inflation-economics, #new-york-city, #personal-finances, #prices-fares-fees-and-rates, #restaurants

In an Unequal Economy, the Poor Face Inflation Now and Job Loss Later

Americans with low incomes are pulling back from buying even as their richer counterparts keep spending — with potentially big consequences.

#affordable-housing, #coronavirus-2019-ncov, #credit-and-debt, #federal-reserve-system, #high-net-worth-individuals, #income-inequality, #inflation-economics, #interest-rates, #layoffs-and-job-reductions, #personal-finances, #poverty, #renting-and-leasing-real-estate, #stimulus-economic, #united-states-economy, #wages-and-salaries

The Companies That Take Money Straight From Your Paycheck

Some lenders and retailers have a pretty neat business model: You pay them before your wages ever hit your bank account. And sometimes they give you no choice.

#center-for-responsible-lending, #credit-and-debt, #credit-scores, #debt-collection, #personal-finances, #wages-and-salaries

If the Economy Is Shaky, Why Are Company Profits Still Strong?

Corporate optimism may seem at odds with the Fed’s grim determination to hold back the economy to get inflation down, but earnings tell a story that other data doesn’t.

#banking-and-financial-institutions, #company-reports, #corporations, #credit-and-debt, #mortgages, #personal-finances, #pultegroup, #real-estate-and-housing-residential, #united-states-economy

6 Ways You’re Coping With a Roller-Coaster Market

Readers from around the world shared their strategies for protecting their retirement savings and how, or if, they’re adjusting their tactics.

#budgets-and-budgeting, #government-bonds, #pensions-and-retirement-plans, #personal-finances, #retirement, #stocks-and-bonds, #united-states-economy, #vanguard-group-inc

The Case of the $5,000 Springsteen Tickets

Triumphant fans showed up in Ticketmaster’s queue with special codes, only to encounter its “dynamic pricing” system. Was the Boss OK with that?

#live-nation-entertainment-inc, #personal-finances, #prices-fares-fees-and-rates, #springsteen-bruce, #ticket-scalping, #ticketmaster

When a Woman’s Retirement Account Becomes the Family Emergency Fund

Women break into their savings to cover all kinds of expenses: home down payments, repairs, medical bills. That can hurt them years later.

#401k-403b-and-457-plans, #age-chronological, #content-type-service, #credit-and-debt, #financial-planners, #pensions-and-retirement-plans, #personal-finances, #retirement, #women-and-girls

How Wall Street Escaped the Crypto Meltdown

As cryptocurrency prices plunged and funds failed, strict rules on risky assets helped Wall Street companies sidestep the worst. Retail investors weren’t as lucky.

#banking-and-financial-institutions, #computers-and-the-internet, #high-net-worth-individuals, #personal-finances, #prices-fares-fees-and-rates, #regulation-and-deregulation-of-industry, #virtual-currency

Where an Army Paycheck Is an Easy Target

An entire financial ecosystem surrounds the nation’s military installations. It’s a perilous landscape for young soldiers with little financial experience.

#credit-and-debt, #defense-department, #fort-campbell-ky, #omni-military-loans, #personal-finances, #united-states-defense-and-military-forces, #united-states-navy, #veterans

Payment Data Could Become Evidence of Abortion, Now Illegal in Some States

Financial companies collect a lot of payment data from customers. Prosecutors could subpoena those records for evidence of abortion, legal experts say.

#abortion, #banking-and-financial-institutions, #bernard-tara-siegel, #computers-and-the-internet, #corporations, #credit-cards, #debit-cards, #fourth-amendment-us-constitution, #law-and-legislation, #lieber-ron, #mobile-applications, #national-advocates-for-pregnant-women, #personal-finances, #pregnancy-and-childbirth, #privacy, #subpoenas, #women-and-girls

Less Takeout, More Produce Swapping: How Inflation Is Altering People’s Behavior

From driving fewer miles to downgrading vacations, Americans are making meaningful changes to their spending. Here’s how five households are coping with the highest inflation in decades.

#consumer-behavior, #income, #inflation-economics, #mortgages, #personal-finances, #prices-fares-fees-and-rates, #unemployment, #united-states-economy

How to Think About E.S.G. Investing in a Falling Market

Mr. Musk trashed E.S.G. investing. The S.E.C. is investigating Goldman Sachs’s move into the sector. In a falling market, what should investors consider?

#amy-domini, #content-type-service, #corporate-social-responsibility, #e-s-g, #personal-finances, #rachel-robasciotti, #stocks-and-bonds

Inflation Expected to Remain High Even as Economy Slows and Layoffs Rise

Inflation is expected to remain high later this year even as the economy slows and layoffs rise. Already, signs of financial stress are surfacing.

#federal-reserve-system, #inflation-economics, #labor-and-jobs, #layoffs-and-job-reductions, #personal-finances, #recession-and-depression, #shutdowns-institutional, #stimulus-economic, #unemployment-insurance, #united-states-economy

When You’re Forced to Cash Out in a Bearlike Market

You can’t leave money in your I.R.A. forever, as dictated by I.R.S. rules. This can put retired investors in a tough spot.

#age-chronological, #content-type-service, #individual-retirement-accounts, #personal-finances, #retirement, #savings

Roth I.R.A.s for Kids: First, Earn That Money

But there are rules around opening one for a child. First: The child must have earned income.

#children-and-childhood, #content-type-service, #financial-aid-education, #income, #individual-retirement-accounts, #personal-finances, #retirement

7 Million Bad Student Loans With No Way Out, for Anyone

The Biden administration plans to offer those with loans in default a fresh start. It would help borrowers and the government alike.

#biden-joseph-r-jr, #colleges-and-universities, #consumer-protection, #credit-and-debt, #debt-collection, #education-department-us, #personal-finances, #student-loans

Help With Medicare Costs: What You Need to Know

Low-income Americans on Medicare can get assistance paying their premiums and other expenses. Several states have allowed more people to qualify.

#age-chronological, #content-type-service, #drugs-pharmaceuticals, #elderly, #extra-help, #federal-aid-us, #health-insurance-and-managed-care, #income, #medicare, #medicare-savings-program, #personal-finances, #poverty, #retirement

Amateur Investors Rode the Bull Up. Now the Bear Looms.

An estimated 20 million people started trading on their own during the pandemic. Some are shifting strategies as stocks tumble, while others are getting out.

#coronavirus-2019-ncov, #personal-finances, #robinhood-financial-llc, #standardpoors-500-stock-index, #stocks-and-bonds, #td-ameritrade-holding-corp

How Do Higher Interest Rates Bring Down Inflation?

Our columnist is responding to readers’ questions. This week, he focuses on inflation, with the help of a bond maven and a Nobel laureate.

#consumer-price-index, #content-type-service, #credit-and-debt, #federal-reserve-system, #inflation-economics, #interest-rates, #jones-kathy, #personal-finances, #phelps-edmund-s, #stocks-and-bonds, #treasury-department, #united-states-economy

BlackRock, Vanguard and State Street Control a Piece of Nearly Everything

BlackRock, Vanguard and State Street collectively manage more than $20 trillion in assets. It’s not a political problem, but it might be an economic one.

#antitrust-laws-and-competition-issues, #blackrock-inc, #boards-of-directors, #bogle-john-c, #global-warming, #personal-finances, #shareholder-rights-and-activism, #standardpoors-500-stock-index, #state-street-corporation, #stocks-and-bonds, #united-states-economy, #vanguard-group-inc, #vivek-ramaswamy

How to Save for Retirement as a Freelancer

There may be years when you have to drum up your own work — and create your own retirement plan.

#401k-403b-and-457-plans, #content-type-service, #freelancing-self-employment-and-independent-contracting, #individual-retirement-accounts, #labor-and-jobs, #pensions-and-retirement-plans, #personal-finances, #retirement

How to Figure Out if You Can Actually Afford That New Home

It’s tempting to jump into the home-buying frenzy. But with prices up and mortgage rates surging, make sure you do the math first.

#content-type-service, #inflation-economics, #interest-rates, #mortgages, #personal-finances, #prices-fares-fees-and-rates, #real-estate-and-housing-residential

Will President Biden Forgive Student Loan Debt?

Some advocates believe President Biden’s repeated extensions of the repayment pause, now set to end Aug. 31, could force his hand on loan forgiveness.

#biden-joseph-r-jr, #clyburn-james-e, #credit-and-debt, #education-department-us, #new-america-foundation, #new-georgia-project, #personal-finances, #student-loans, #united-states-economy, #united-states-politics-and-government

4 Ways to Fortify Your Retirement Against Market Volatility

So many factors cause volatility in the markets, making it tricky even for the experts to know what’s next. They still have ideas.

#benz-chris-1982, #content-type-service, #ibbotson-roger, #inflation-economics, #investing, #longevity, #personal-finances, #reichenstein-william, #retirement, #social-security-us, #stocks-and-bonds, #united-states-economy

From Her First $100K to 3 Million Followers

Tori Dunlap’s savings journey turned her into a full-time finfluencer. Her latest partnership aims to help women get together and get started with investing.

#content-type-personal-profile, #dunlap-tori-1994, #millennial-generation, #mobile-applications, #personal-finances, #social-media, #stocks-and-bonds, #treasury-interactive-inc, #women-and-girls

When Financial Cheating Hurts Your Retirement Plan

Financial infidelity destroys trust. It can deliver a serious blow to your post-career planning, too.

#401k-403b-and-457-plans, #content-type-service, #credit-and-debt, #credit-cards, #divorce-separations-and-annulments, #marriages, #personal-bankruptcies, #personal-finances, #retirement

How to Save on Your Taxes and Other Last-Minute Tax Tips

You may still be able to reduce your tax bill by contributing to an I.R.A., for instance. And if you have questions, the I.R.S. is offering free walk-in help on Saturday.

#content-type-service, #federal-taxes-us, #income-tax, #individual-retirement-accounts, #internal-revenue-service, #personal-finances, #tax-credits-deductions-and-exemptions, #tax-preparers-and-preparation

As Home Sale Prices Surge, a Tax Bill May Follow

Single sellers can exclude $250,000 from their taxable profit and married sellers $500,000. The amounts haven’t changed in 25 years.

#capital-gains-tax, #content-type-service, #federal-taxes-us, #internal-revenue-service, #personal-finances, #real-estate-and-housing-residential

Everyone Has Crypto FOMO, but Does It Belong in Your Portfolio?

A growing array of investment options make it easier to put digital tokens alongside traditional investments. Here’s what to know.

#betterment-llc, #bitcoin-currency, #coinbase-inc, #content-type-service, #fidelity-investments, #gemini-trust-co-llc, #personal-finances, #retirement, #virtual-currency

Credit Companies Will Remove Stains From Repaid Medical Debts

Debts that are paid off after they go to collections will be removed, instead of staying on a credit reports for up to seven years, Equifax, Experian and TransUnion announced.

#consumer-protection, #credit-scores, #equifax-inc, #experian-plc, #fair-isaac-corporation, #personal-finances, #transunion-llc

What a Federal Reserve Rate Increase Means for You

Rates on credit cards, savings accounts and different kinds of loans move when the Fed changes its benchmark rate. Here’s what you need to know.

#automobile-financing, #certificates-of-deposit, #content-type-service, #credit-and-debt, #federal-reserve-system, #inflation-economics, #interest-rates, #mortgages, #personal-finances, #prices-fares-fees-and-rates, #savings, #student-loans, #treasury-department, #united-states-economy, #vanguard-group-inc

How to Buy a Vacant Lot

Buying land is one way to get your dream house, but the rules can be much tougher. And you might have to source your own electricity.

#content-type-service, #electric-light-and-power, #personal-finances, #real-estate-and-housing-residential, #wells, #zoning

You Quit Your Job, but You Still Need a Retirement Plan

Millions of American workers said goodbye to their bosses last year. If you’re one, don’t lose sight of your savings and investment goals.

#401k-403b-and-457-plans, #content-type-service, #entrepreneurship, #individual-retirement-accounts, #labor-and-jobs, #personal-finances, #retirement, #savings, #tax-credits-deductions-and-exemptions

A Paranoid Person’s Guide to Preparing for Digital Danger

Russia’s attack may have you wondering what will happen if the conflict spills into cyberthreats beyond Ukraine’s borders. Here’s what you can do to ease your mind.

#content-type-service, #cyberattacks-and-hackers, #cyberwarfare-and-defense, #data-storage, #google-inc, #personal-finances, #russian-invasion-of-ukraine-2022

America’s Very Peculiar Economic Funk

Negative views of the economy don’t match people’s experience.

#biden-joseph-r-jr, #inflation-economics, #labor-and-jobs, #news-and-news-media, #personal-finances, #unemployment, #united-states-economy, #united-states-politics-and-government

Using Your Investment Gains to Help People in Ukraine

If you have an investment portfolio or own a home, you’ve probably experienced big gains. Here’s how to use those winnings to help.

#content-type-service, #personal-finances, #philanthropy, #russian-invasion-of-ukraine-2022, #stocks-and-bonds

Free Options for Filing Your Taxes

Many of the no-cost online services have age or income limits. But some are available to anyone.

#content-type-service, #elderly, #federal-taxes-us, #income-tax, #internal-revenue-service, #personal-finances, #rebates-and-refunds, #tax-preparers-and-preparation

How Much Help Do I Owe My Debt-Ridden Dad?

The magazine’s Ethicist columnist on the duties we have to our parents.

#confucianism, #elderly, #ethics-personal, #personal-finances

How to Transition Into Retirement

Many older Americans like to ease into being an ex-worker — but you need to think carefully about just how to get there.

#age-chronological, #content-type-service, #labor-and-jobs, #longevity, #medicare, #pensions-and-retirement-plans, #personal-finances, #retirement, #social-security-us, #social-security-administration

Interest Rates Are Rising. What If You Want a House?

A strange set of (you guessed it, pandemic-influenced) circumstances makes this a tough market to assess. Here are four questions and answers that can help.

#content-type-service, #federal-reserve-system, #inflation-economics, #interest-rates, #mortgages, #personal-finances, #real-estate-and-housing-residential

Covid Funeral Assistance Is an Underused Program

The government will reimburse up to $9,000 in funeral expenses for deaths related to the coronavirus. But most eligible survivors have yet to get relief.

#coronavirus-2019-ncov, #deaths-fatalities, #federal-emergency-management-agency, #finances, #funerals-and-memorials, #national-funeral-directors-assn, #personal-finances

Should You Manage Your Own Stock Portfolio?

Stocks are swinging all over the place. It’s a good time to take your hands off the wheel — here’s how to let go.

#asset-allocation-personal-finances, #betterment-llc, #burr-richard-m, #conflicts-of-interest, #content-type-service, #hawley-josh-d-1979, #ocasio-cortez-alexandria, #personal-finances, #stocks-and-bonds

Buy GameStop, Fight Injustice. Just Don’t Sell.

One year in the trenches of the meme stock revolution.

#amc-entertainment-holding-inc, #financial-brokers, #gamestop-corporation, #personal-finances, #robinhood-financial-llc, #short-selling, #stocks-and-bonds

Using Tech to Optimize Your Social Security Benefits

A variety of online tools can guide retirees looking to make the most of this benefit — which many older Americans depend on.

#age-chronological, #computers-and-the-internet, #content-type-service, #financial-planners, #longevity, #personal-finances, #retirement, #social-security-us, #taxation

They Need Legal Advice on Debts. Should It Have to Come From Lawyers?

A nonprofit has filed a lawsuit in New York, hoping to clear the way for volunteers to help people defend themselves against debt collection suits.

#consumer-protection, #credit-and-debt, #debt-collection, #first-amendment-us-constitution, #james-letitia, #legal-aid-for-the-poor-civil, #legal-profession, #new-york-state, #personal-finances, #suits-and-litigation-civil, #upsolve-inc

6 Who Finally Got the Public Service Loan Forgiveness They Earned

Waves of borrowers in the federal Public Service Loan Forgiveness program are seeing their debts go to zero. Here’s how six of them finally got there.

#colleges-and-universities, #content-type-service, #personal-finances, #student-loans

Stock Investing in Retirement for Those Able to Bear the Risk

Stocks and bonds are core investments. Now, Vanguard is suggesting that retirees willing and able to bear the risk may want a stock target of 50 percent.

#asset-allocation-personal-finances, #content-type-service, #mutual-funds, #pensions-and-retirement-plans, #personal-finances, #stocks-and-bonds, #vanguard-group-inc

How I Cut My Family’s Cable and Streaming Bill by $170

After I realized we were paying more than $400 a month, I knew I had to do something. Here’s what I learned.

#amazon-com-inc, #apple-tv-plus, #cable-television, #content-type-service, #disney-plus, #hbo-max, #hulu-com, #netflix-inc, #paramount-plus, #personal-finances, #prices-fares-fees-and-rates, #television, #video-recordings-downloads-and-streaming, #web-original-programming, #youtube-com

A Guide to Quitting Your Job

From understanding why you want to leave to tackling health insurance and retirement plans, here’s your guide to a graceful exit — without leaving money on the table.

#content-type-service, #coronavirus-2019-ncov, #health-insurance-and-managed-care, #individual-retirement-accounts, #labor-and-jobs, #personal-finances, #quarantine-life-and-culture, #retirement, #savings, #work-life-balance

Financial Planning for People With Chronic Diseases

Financial planning for people with chronic diseases is complicated and multifaceted. Start by building a team of people to help.

#chronic-condition-health, #content-type-service, #disabilities, #disability-insurance, #drugs-pharmaceuticals, #elderly, #medicaid, #medicare, #national-multiple-sclerosis-society, #pensions-and-retirement-plans, #personal-finances, #retirement