Inflationary Effect News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A tumbling stock market and higher interest rates are forcing consumers to buy annuities. According to LIMRA, a ...

In the third quarter, LIMRA reported total fixed-rate deferred annuity sales of $29.8 billion, 159% higher than the third quarter of 2021.

On August 24, 2022, the U.S. Department of Education announced a plan to cancel $10,000 in student-loan debt for each borrower earning less than $125,000, up to $20,000 for each borrower under the income cutoff if that borrower received a Pell grant, and $250,000 if the borrower files taxes as married or as head of household.

Now almost two years since the COVID-19 pandemic began, and after $6.6 trillion in total federal spending on it—the equivalent of $51,600 per household—some policymakers want to pass yet another so-called COVID-19 relief package. Not only has Congress already spent more than it should have, some of the previous COVID-19 relief spending is actually hurting our economy today by adding to problems like rising costs, supply chain problems, and an unprecedented labor shortage. The following are nine reasons why Washington should not enact any more COVID-19 spending.

Instead of wasting more money on COVID-19 “relief” spending, policymakers should be looking to address labor shortages and rising prices.