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As of October, the annual inflation rate in the U.S. had reached 7.7%. But the price of some goods and services have surged beyond that — the cost of energy has increased 17.6% over the past year, while the cost of food has increased 10.9%. So if you’ve felt like things are significantly more expensive this year, it’s because they really are. By Gabrielle Olya Check Out: 11 Grocery Items To Buy at Dollar TreeSee: If Your Credit Score Is Under 740, Make These 4 Moves Now...

For those contemplating a career as a pharmacist, earning potential is likely one of the most important factors. Learning about the average salary as well as the primary responsibilities and license requirements is a good idea for anyone looking into this industry. By Allison Johnson Hourly Pay Pay per Type Pay per Location Job Overview Requirements Schooling Skills How Much Does a Pharmacist Make an Hour? In 2021, the national hourly salary for pharmacists averaged around $61....

If you’re considering buying a home, you might have sticker shock when you look at your potential mortgage payment. By John Csiszar The Future of Finances: Gen Z & How They Relate to Money Learn: Should You Still Buy a Home in Today’s Market? Homes that were quite affordable two years or even just 12 months ago are now out of reach for many buyers, due to two main factors. First, mortgage rates bottomed out in January 2021 at an all-time low of 2....

Founded in 1985, Discover has climbed through the ranks to become one of the most popular credit card brands in the United States. The company offers various credit cards under the Discover it® brand and one NHL credit card. By Joshua Rodriguez What Is a Balance Transfer How To Do a Balance Transfer Things To Consider All of the company’s credit card options come with compelling rewards. Cardholders can enjoy high cash-back rates or impressive travel perks, depending on the offer they apply for....

Working in the gig economy has its ups and downs. You set your own hours, but you’re also responsible for deducting and paying your own taxes. More and more people are finding themselves in this position. In 2020, a record 4.3 million people started new businesses. If you make more than $400 from self-employment as a gig worker, you’re one of these people who has embarked on starting a new business....

With inflation at a 40-year high, rising interest rates and soaring oil prices, talks about a potential recession are getting louder. A new report finds that if you want to survive it, you might want to move, as some states are in better condition to mitigate the effects of a recession — and they aren’t where you might expect. Most of them, it turns out, are in the Heartland. By Yaёl Bizouati-Kennedy Merchant Maverick’s inaugural data report, The Top States Most Likely To Survive A Recession, finds that while strengths vary from state to state in the region, these states tend to have ample government reserves, favorable debt-to-income ratios, and relatively low unemployment rates....

Senate minority leader Mitch McConnell has represented Kentucky in the United States Senate since 1984. Voters in that state have cast the majority of ballots for him seven times in Senate elections, most recently in 2020. He has led the Republican caucus as either minority or majority leader since Jan. 3, 2007, and in 2018, surpassed Bob Dole as the longest-serving leader from the party in the Senate. By Gabrielle Olya See: How Much Is Former President Donald Trump Worth?...

Save, save, save! It sounds simple, but it’s complex because there are different ways to save money. By Nicole Spector How My Banking Direct High Yield Savings Account Works About My Banking Direct The Bottom Line A Great Way to Start Saving For many, the best option is an account like the My Banking Direct High Yield Savings Account. Similar to a traditional savings account, you can use this as a place to store your cash for the short-term or the long haul....

The global economic rebound from COVID-19 will need continued government support to maintain its momentum, a Paris-based economic policy group said on Tuesday, despite fears that federal stimulus packages in the United States and elsewhere are contributing to higher inflation. By Vance Cariaga See: Fourth Stimulus Checks Are Coming From These States — Is Yours on the List?Find: Congress Reintroduces Bill to Keep Social Security Recipients Out of Poverty The Organization for Economic Cooperation and Development projected that the world economy is on course to grow 5....

Tracy Welsh has always loved candles. What Welsh didn’t know is one day, amid a global pandemic, Welsh would not only begin to make candles but would start an entire small business made from 100% natural products. By Heather Taylor In this edition of our Small Business Spotlight series, Welsh joins us to talk about Litwickscandle, Welsh’s candle company based out of Miramar, Florida, and its wide range of beauty offerings, the lightbulb moment that inspired Welsh to start a business and the importance of educating people on the benefits of natural products....

‘Tis the season for giving and ordering holiday presents online, but ’tis also the season for increased porch pirate activity — experts are now warning consumers to be extremely cautious. In 2021, a staggering 210 million packages were stolen from porches around the country, according to a SafeWise study. By Yaёl Bizouati-Kennedy See: 9 Bills You Should Never Put on AutopayFind: 9 Costco Brand Items That Aren’t Worth the Money...

Investing and financial planning has changed dramatically over the past few decades. Advances in technology and user-friendly brokerages have made investing open to everyone, and costs have simultaneously plummeted, opening doors even further. By John Csiszar The problem some investors now face is not accessibility but rather an overabundance of choices. In addition to traditional financial advisors, investors can now choose to hire so-called “robo-advisors” and even manage their own portfolios....

Formerly referred to as food stamps, the Supplemental Nutrition Assistance Program, or SNAP, is a government welfare program that provides assistance to families and individuals suffering from food insecurity. As many as 41.5 million U.S. citizens, or about 1 in 8 Americans, participated in the program in fiscal year 2021. By John Csiszar Read: Here’s How Much Americans Have in Their Savings Accounts in 2023Advice: 3 Ways Smart People Save Money When Filing Their TaxesLearn: With a Recession Looming, Make These 3 Retirement Moves To Stay On Track...

With the Biden administration’s federal student loan forgiveness plan in limbo due to a series of legal challenges, supporters have been busy filing briefs urging the U.S. Supreme Court to authorize the plan. By Vance Cariaga Student Loan Forgiveness: Timeline of Events Leading Up To the Supreme Court ReviewLearn: Get Your Credit Score On Track With These 3 Tips for SuccessStudent Loan Forgiveness: New Income-Driven Repayment Proposal Could Shrink Debt for Millions of Americans — Do You Qualify?...

To compete in today’s tight labor market and support hourly wage workers, retail giant Target announced it is raising some wages up to $24 an hour. Target’s hourly wages start at $15 an hour, but the company said it will now pay some workers, including those in stores, supply chain facilities and headquarters, as much as $24 an hour. By Dawn Allcot See: Here’s What the US Minimum Wage Was the Year You Were Born Find: $15 Minimum Wage for Federal Workers Officially Begins...

When it comes to cryptocurrency, many parents admit that their teens are quite knowledgeable, with half of them even saying their teens know more than they do, according to a new survey. By Yaёl Bizouati-Kennedy See: Investing Apps for Teens: Educational or Risky?Find: Teen Investing Apps May Deliver a ‘Kiddie Tax’ The Wells Fargo survey also finds that 45% of teens feel they know more than their parents about Bitcoin....

Tesla is reportedly set to start production at its Giga Austin factory, in the next few days. Analysts say that this could alleviate the bottlenecks of production for Tesla globally and accelerate production. By Yaёl Bizouati-Kennedy See: Tesla Stock Skyrockets 12% After Impressive 2021 Delivery Numbers, Despite Recalls Find: Analysts Predict Tesla Stock Could Soar 30% in 2022 — Here’s Why Ives added that he believes the stamping machines for Model Y and testing are already in place and mostly completed, with paperwork now filed by Tesla to officially start key production in Austin over the next week....

On September 8, the longest-reigning monarch of England, Queen Elizabeth II, died at age 96. By Selena Fragassi Explore: Your Biggest Money Etiquette Questions AnsweredSpecial Coverage: 2022 Small Business Spotlight The queen, who came into her role at the young age of 25 and was crowned in 1953, passed away at her Scottish castle at Balmoral Estate after battling a number of health problems the past few years. She died surrounded by family, shortly after a statement was released earlier in the morning noting she was under medical supervision with royals “concerned for her health” as many feared for this development....

Austin-based Tesla and its members, employees, and affiliates — including SolarCity Inc. — have given $105,378 in political donations so far this year for the 2022 election cycle, according to OpenSecrets. By Yaёl Bizouati-Kennedy See: States Whose Economies Are Failing vs. States Whose Economies Are ThrivingZelle Facebook Marketplace Scam: How To Recognize and Avoid This Scam This amount places Tesla at No. 2,968 out of 26,914 spots in terms of largest donors on OpenSecrets’ list....

Due to the upcoming holiday, some Social Security and SNAP recipients may notice benefit payments hitting on different days than expected. Payments are not typically distributed on federal holidays, which means the Thanksgiving holiday could potentially affect benefit payments. By Georgina Tzanetos Social Security Schedule: When To Anticipate December 2022 BenefitsFood Stamps Schedule: When Can I Anticipate December 2022 SNAP Payments? Thanksgiving always falls on the fourth Thursday of November, and it hits on the 24th this year....