Inflation Is Eroding the Savings Buffer Protecting American Finances
Stimulus and saving during lockdowns created a buffer against inflation, but that protection "is not necessarily going to be there forever," UBS said.
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Stimulus and saving during lockdowns created a buffer against inflation, but that protection "is not necessarily going to be there forever," UBS said.
It's been so long since Congress last raised the federal minimum wage that it's ready for its bar mitzvah. Its value has fallen 40% since the 1960s.
Flights, hotels, and car rental costs all fell through June, offering travelers the first sign of relief after months of huge price hikes.
Job regret may be one reason the Great Resignation still rages. Some people aren't happy with the switch and are looking for something even better.
Millions of workers gained a bit more power during the Great Resignation, but our economy isn't set up to let them keep it.