The thought of inflation strikes terror in the hearts of many Americans. For most of us, times are tough enough as it is. The last thing anyone wants is for the things they buy on a regular basis -- milk, gas, bread, toothpaste, whatever -- to get more expensive.
Tim Iacono submits: The mood of the American consumer soured a bit early in the year as the Reuters/University of Michigan consumer sentiment index slipped from 74.5 in December to 72.7 in the first of two readings for January.
Whether you're a millionaire or a middle-class father of two, we all make the same mistakes when it comes to money and happiness. If you really want to buy yourself a more fulfilling life, it's not how much money you earn that matters, but figuring out the right way to spend it.
With the national average gas price at a six-month high, we're all looking for fuel savings where we can get them — and that might not be where we expect. Below, find five moves you might assume will bring down your gas bill … but actually won't.
Finding practical ways to save money over the long haul can be something that escapes our attention. It’s easy to look for the best price on an item when shopping, or add money to your savings account every week, but thinking long-term is an intentional action that takes thought and planning.
Today I want to answer a question that I’ve heard from more than one reader about the North American oil patch, and what it’s doing to world markets. Consider this your cheat sheet.
Doubtless, you’ve heard stories about how U.S. and Canadian oil output is climbing. All true — well, most of it. In the U.S., it’s the “shale gale,” with all the new output from fracking in shale, tight sands and such. In Canada, it’s a similar share story and, of course, the oil sands boom.
To many, the answer is obvious. If home prices suddenly fall, then we’re all poorer, and we’re all spend less money, resulting in a recession. Empirically, this is in fact what tends to happen. But as this interesting comment from some anonymous economist explains, the actual reason why is considerably more complicated: