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Inflation is coming for middle-class households as higher prices hit big-box stores. Will they cut back on discretionary purchases?

Rising prices at big-box stores are expected to have a significant impact on middle-class households.

2022-06-11
By: Staff Writer

  After years of being the only group that didn’t feel the impact of rising grocery prices, middle-income consumers are now starting to feel the pinch. According to a report by data company Numerator, middle-income consumers now account for the majority of those affected by the rising prices. While ruralRead More →

Opinion: Voter dissatisfaction with inflation will define the midterms

Opinion: Voter dissatisfaction with inflation will define the midterms

2022-03-30
By: Staff Writer

  Americans have good reason to be unhappy with the economy and President Joe Biden. At the State of the Union, he bragged on the strong recovery, but abstract statistics like GDP growth, the unemployment rate and average hourly wages don’t rhyme well with many voters’ personal experiences. Paychecks aren’t keeping upRead More →

So you think you’re getting big discounts shopping online during the pandemic? Think again

So you think you’re getting big discounts shopping online during the pandemic? Think again

2021-08-26
By: Staff Writer

  Shoppers moved online in droves during the pandemic — and online prices moved upwards. “The COVID-19 pandemic reversed a predictable pattern in e-commerce, where consumers were generally able to purchase goods cheaper online. This reversal was the result of surging demand, supply chain constraints, and growth in categories that hadRead More →

Cards Against Humanity skipped its annual Black Friday critique of capitalism and found something new

2020-11-27
By: Staff Writer

  People have spending money on Lysol and Clorox during a year in which coronavirus has upended people’s lives. Cards Against Humanity eschewed its annual Black Friday stunt in light of the pandemic and protests regarding the killing of Black Americans by police. David Ryder/Getty Images For Cards Against Humanity,Read More →

There is no such thing as ‘passive’ investing in an America so deeply scarred by racism, Rachel Robasciotti says

2020-08-13
By: Staff Writer

  Rachel Robasciotti founded her wealth management firm, Robasciotti & Philipson, 16 years ago. She describes the company, established after she had spent five years in the financial services industry, as a “a bridge between financial markets and social justice activism”: a place where the principals are deeply committed toRead More →

‘Slavery ended a long time ago, but racism didn’t,’ says Amazon CEO as he urges employees to cancel meetings on Juneteenth

2020-06-17
By: Staff Writer

Billionaire CEO Jeff Bezos is honoring Juneeteeth on Friday as a day of edification at Amazon.com and urging employees to attend “learnings opportunities,” to recognize the end of slavery in America. Juneteenth, which is celebrated annually by many on June 19, is a day commemorating the end of slavery inRead More →

Should I tell my sister that her husband, a notorious spender, has a secret credit card?

2020-06-11
By: Staff Writer

I am in a tough moral situation and I don’t know what to do. My older sister and brother-in-law have been fighting about money for the past year or so. He is a big spender, not just for himself, but for the whole family, friends, and community. While they makeRead More →

The only way to truly solve the race problem in America is to narrow the wealth gap, black economists say

2020-06-07
By: Staff Writer

The unrest in cities across the U.S. this week is just the latest manifestation of a struggle that will continue until the wealth gap between white people and black people is addressed, black economists said. What is the wealth gap? It is the stark divide between how much capital whiteRead More →

My estranged husband filed a joint tax return without my knowledge. He got my family’s stimulus payment — what can I do?

2020-06-04
By: Staff Writer

Dear Moneyist, I have an estranged husband, and we have been living separately for years. He has been filing taxes jointly without my knowledge AND now he has received my stimulus money AND my kids’ stimulus money. I can’t hire an attorney because I’m poor, and I live in aRead More →

My children, aged 10 and 15, each received $1,200 stimulus checks — will the IRS penalize us if we keep them?

2020-06-01
By: Staff Writer

Dear Moneyist, I received three direct deposits yesterday for $1,200 each for my kids, all of whom are under 17. They are aged 10, 10 and 15. We already received our $2,400 stimulus check. My wife is on permanent disability and she receives a Social Security payment monthly for them.Read More →

7 tips to smoothly end your marriage in the age of coronavirus, where divorce is harder then ever

2020-05-27
By: Staff Writer

As if getting divorced isn’t stressful enough, trying to do so during a pandemic may seem overwhelming. With normal routines disrupted, jobs and income lost, stock markets fluctuating, and real estate markets uncertain, it may seem nearly impossible to move forward once a decision to divorce has been reached. SoRead More →

‘My father has lived a life of crime and drugs. He threw away every opportunity we gave him.’ Now that he’s on disability, doesn’t he owe his kids something?

2020-02-16
By: Staff Writer

Dear Moneyist,  For most of his life, my father has lived a life of crime and drugs. He threw away every opportunity we gave him, financial or otherwise. He was never really around besides the odd note written on yellow legal paper that I would get from time to time,Read More →

‘I’m hurt!’ My husband of 5 years inherited his parents’ Californian home and didn’t put my name on the deed — what should I do?

2020-02-14
By: Staff Writer

Dear Moneyist,  We’ve been married for five years — happily, or so I thought. We have shared all our assets prior to our marriage, including our current accounts and bank accounts, etc. I continued to work for five years after we married, and I just retired at 65. My husbandRead More →

9 things companies should be doing to avoid creating a toxic workplace

2020-02-03
By: Staff Writer

Toxic workplaces have become easier for corporate shareholders to recognize. This bodes well for changing practices to create safer, stronger companies and foster better business outcomes. Yet identifying bad practices isn’t enough. Culture management is a hard, technical skill. Company leaders need to paint a positive picture of the future in order forRead More →

There’s been a jump in the number of millennials with $100,000 saved — here’s how they did it

2020-01-29
By: Staff Writer

The most fortunate young Americans are ahead of their older peers when they were their age. A sizeable number have seen a savings bump in recent years. One quarter of millenmials have $100,000 or more in savings, up from 16% two years ago, according to Bank of America’s BAC, -0.69%Read More →

‘I married a guy that lied about his debt. Now he’s trying to divorce me.’ Can I sue him for lying to me?

2020-01-25
By: Staff Writer

Dear Moneyist, I married a guy that lied about his debt. Now he is trying to divorce me. I did try to get an annulment after I found out, but I was denied. He said he wanted to marry me to give me his survivor benefits. When I didn’t accept,Read More →

‘It’s sad that people are so greedy.’ My sister persuaded my father to sell his home and leave her everything — can I fight this?

2020-01-24
By: Staff Writer

Dear Moneyist, My youngest sister persuaded my father to sell his home and buy her a property with two residences: a small town house for him and a nice four-bedroom house for her and her family. My father recently passed away. We discovered that our sister’s mother-in-law is an attorney.Read More →

Racial inequality persists in health care, but this insurance plan is narrowing the gap

2020-01-20
By: Staff Writer

On this Martin Luther King Jr. Day, Americans will pause to reflect on the civil-rights movement — the progress made and the lingering challenges.  More than half a century after Dr. King’s untimely death, the U.S. has made strides toward realizing his vision, but discrimination still exists — both inRead More →

My 93-year-old father got married 4 years ago. He didn’t make a will and has dementia. His wife says we have no rights — is that true?

2020-01-09
By: Staff Writer

Dear Moneyist, My 93-year-old father has dementia. He married his second wife, who is 91, four years ago. He did not make a last will and testament, and cannot legally make one now because of his dementia. He is not expected to live much longer because of heart problems. MyRead More →

Higher tobacco-buying age helps Juul and Altria avoid a ban on flavored e-cigarettes, group says

2019-12-18
By: Staff Writer

Washington’s year-end spending deal has included a measure that lifts the age for buying tobacco products to 21 from 18, but one prominent anti-tobacco group is issuing warnings this week about the development, rather than celebrating a victory. Raising the buying age nationwide for all tobacco products, including electronic cigarettes,Read More →

Every year, my sisters spend $2 on my ‘hostile’ Christmas gifts

2019-12-16
By: Staff Writer

Dear Moneyist, My sisters have for years been giving me hostile, trivial, meaningless gifts for the holidays. I would say that the gifts are less meaningful than what parents would pick out to give their children’s teachers. ‘Last year, it was a $2 ornament signifying a $2 donation to aRead More →

This 90-year-old man with a Ph.D. in economics made a new will 10 days before he died — and it voided his prenup

2019-12-13
By: Staff Writer

Dear Moneyist, My friend’s father was a widower who had roughly $5 million in stocks. He was 84 when he met and soon married his younger bride (a nurse who was 60 at the time, divorced with grown children). She signed a prenuptial agreement when they married. A few yearsRead More →

Nikki Haley says Confederate flag symbolized ‘service, sacrifice and heritage’ until mass shooter Dylann Roof ‘hijacked’ it

2019-12-06
By: Staff Writer

‘Here is this guy that comes out with his manifesto, holding the Confederate flag, and had just hijacked everything that people thought of … people saw [the Confederate flag] as service and sacrifice and heritage, but once he did that, there was no way to overcome it.’ That was Trump’sRead More →

This depressing chart shows the jaw-dropping wealth gap between millennials and boomers

2019-12-04
By: Staff Writer

OK boomer — share the wealth. When baby boomers (born between 1946 and 1964) hit a median age of 35 in 1990, they collectively owned 21% of the nation’s wealth. The millennial generation will hit that 35 median age in four years and they are nowhere near owning that percentage.Read More →

Another health warning for e-cigarette users — that has nothing to do with lung disease

2019-11-28
By: Staff Writer

There’s more evidence that e-cigarettes may be bad for your health. Smoking e-cigarettes increases the risk of heart disease — elevating bad cholesterol, triglycerides and glucose levels, and decreasing blood flow in the heart — and is also associated with coronary vascular dysfunction, according to two separate studies that willRead More →

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Recent Posts

  • Rising prices at big-box stores are expected to have a significant impact on middle-class households.
  • Fed’s Inflation Mission Has Recession Destination and Hard Landing for Stocks By Investing.com
  • Federal Reserve on Track To Raise Interest Rates
  • Dollar gains as risk appetite fades, inflation data eyed By Reuters
  • Sundial Growers continues lower as reverse split becomes more likely
  • Dollar Edges Lower; Australian Dollar Soars After Rate Hike By Investing.com
  • 3 Analysts Discuss Results After Big Beat Sent Shares 6% Higher By Investing.com

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