Economy

Cash-strapped Americans turn to discounted food as inflation bites

Food sales at grocery stores are down over the past year, except for items that were on sale
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Be prepared to shell out an extra $18,000 a year on extras if you own a home

New analysis shows homeowners spend a record $1,510 a month on extra expenses
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Banks are quietly turning off the money tap

Next year could be even worse, say Wall Street analysts
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It’s now cheaper to rent than to buy a home in America’s top cities

As housing affordability bites, renting is no longer "throwing your money away"
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America’s struggling middle class is cutting retirement savings, too

Middle-class Americans face uncomfortable trade-offs between making ends meet now and saving for the future
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Americans are $1.37M short of their ideal retirement, study finds

The average adult doesn’t believe they can retire comfortably without a seven-figure 401(k)
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8% mortgage rates are coming, expert warns

Buyers who can afford to purchase a home should probably do so before mortgage rates climb further, experts warn
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1 in 3 American homeowners are ‘house poor,’ according to a recent study

California ranks first among the most "house poor" states
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These cities are 'impossibly unaffordable' for middle class, new report warns

No housing market in the U.S. is considered affordable for median-income households
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Fed chair hints at a surprising reason behind stubbornly high inflation

Surging insurance premiums throw a wrench into the Fed's efforts to contain inflation
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Black Friday shaping up to be a dud for retailers as consumer spending slows

Nov. 24 is Black Friday, but many retailers started offering discounts in October
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Nearly half of U.S. households will run out of money in retirement, study shows

A comfortable retirement is out of reach for 45% of American households, according to Morningstar research
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Most Americans over 50 don't think they'll ever retire, new study finds

A lack of savings and inflation are making it harder for older Americans to quit working
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Housing today is nearly as unaffordable as it was in 1981 when mortgage rates hit 18%


There's one overlooked jobs report metric that may signal more economic weakness

This metric could hint at whether the economy is truly slowing, says Charles Schwab
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