Inflation 2023: Where Americans Are Cutting Back — Do Experts Agree?
63% of respondents said they try to shop smarter to save money, 32% cut back on building emergency fund, and 18% have stopped saving for retirement.
63% of respondents said they try to shop smarter to save money, 32% cut back on building emergency fund, and 18% have stopped saving for retirement.
Other digital currencies have died for good bitcoin is bouncing back not as hedge against inflation itself but rather against credit of US government.
The average rate on a six-month CD has ticked back up to just below 1%, significantly above the lows of 0.14% in recent years.
Lots of news on the inflation and interest rate front yesterday. The consumer price report showed prices up only 5% over the past year.
Dynamics of investing are back in play as higher interest rates reward income strategies. If inflation is higher longer, portfolios will go backwards.
Seems like most people aren't concerned with making huge gains as with simply protecting assets and trying to stay ahead of anything catastrophic.
A popular crypto influencer explained that Bitcoin is still the best hedge against rising inflation in the world.