Inflation Forecasts Were Wrong Last Year. Should We Believe Them Now?

At this time last year, economists were predicting that inflation would swiftly fade in 2022 as supply chain issues cleared, consumers shifted from goods to services spending and pandemic relief waned. They are now forecasting the same thing for 2023, citing many of the same reasons. Shoppers in New York. Price increases, while they have started to slow slightly, are …

Video: How Fed Rate Hikes Impact Our Everyday Lives

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How To Give Financial Wellness This Holiday Season

Tis the season for parents to play Santa. If you haven’t already received your Christmas list, I’m sure it’s on its way. The lists themselves can be pretty entertaining . A few lists have gone viral over the years, but recently my daughter submitted a Christmas list with an ATM at the top. Getty Images While a lot of the …

8 Ways To Maintain Work-Life Balance And Avoid The ‘Holidaze’

Bryan Robinson, Ph.D., Contributor Dec. 5, 2022 ‘Tis the season to be jolly! December is the month for multicultural celebrations as Hanukkah, Christmas and Kwanzaa incorporate timeless rituals passed down for generations. The winter solstice marks the shortest day and longest night of the year. And December marks Bodhi Day for Buddhists–the day about 2,600 years ago when the Buddha …

Why Am I So Obsessed with Giving People Gifts?

In the fall of 2018, I spent the majority of December cooped up inside my apartment, hand-painting Bitmojis of my coworkers onto wine glasses. I baked them in the oven to ensure they would be dishwasher safe and wrapped them in glossy gold paper. A few days before people left for vacation, I snuck into the office around 6 am, …

‘How Much Was That?’

My family is obsessed with the cost of things. The two questions I hear most often are: “Did you eat?” and “How much was that?” Discussing the price of something is like breathing to them. You can’t make a purchase in my household without talking endlessly about how much the item cost, how much everyone thinks it should have cost, …

How To Use The Power Of The Nudge To Protect Your Finances During The Holidays

Juan Carlos Medina, Contributor Nov. 28, 2022 When it comes to spending, the holidays tend to be our most vulnerable time of the year, and companies that want you to buy their goods and services know this. They will employ the most cutting-edge psychological strategies to get you to dig deep into your pockets. One of their favorite strategies is …

The Era of Easy Money Is Over. What Does That Change?

An unparalleled era of easy money came to a screeching halt in 2022, as central banks shifted gears to fight inflation. The US Federal Reserve raised its benchmark rate from near zero to 4% in a mere six months. Companies, countries and consumers that had borrowed heavily when doing so was cheap now faced new strains, just as banks rediscovered …