It is National Vanilla Cupcake Day, which means you’re pre-approved for a treat! Take a moment to enjoy a cupcake (we’ll let you pick the flavor you enjoy most if it’s not vanilla) and read today’s top financial stories.
By Heather Taylor
The Big Lead: U.S. Inflation Below 8% for First Time Since February
Inflation is easing up a bit. The Bureau of Labor Statistics (BLS) released its Consumer Price Index (CPI) and the all-items index for the 12 months ending October increased 7.7%, driven largely by an increase in shelter prices, which contributed more than half of the monthly all-items increase. Read the full story here
Business Spotlight: 6 Hidden Ways To Save on Holiday Shopping at Costco
Doing your holiday shopping at Costco this year? Follow these tips to discover hidden ways you can save on all of your Costco holiday shopping. Read the full story here
More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today.
That’s Interesting: Wealthy Millennials Aren’t Banking on Stocks
Investing in stocks has traditionally been seen as a key part of building long-term wealth, but that may no longer be the case. A recent Bank of America Private Bank study of high-net-worth individuals found that the majority (75%) of investors between the ages of 21 and 42 do not think it’s possible to achieve above-average returns solely with traditional stocks and bonds. Read the full story here
Bonus: Experts Recommend 5 Retirement Expenses To Cut Easily
Unless you have been ultra-successful in building a nest egg, saving and budgeting doesn’t stop when you retire. Living your ideal life in retirement will still require checking your bank balance and cutting expenses along the way. Read the full story here
