inflation
President Donald Trump’s newly announced tariffs are expected to increase costs on a wide range of goods, from groceries and clothing to cars and home materials. Tariffs are essentially import taxes that raise the cost of foreign-made products, which often gets passed on to consumers. Economists warn the impact will be most severe for low-income […]
President Donald Trump is set to declare April 2 as “Liberation Day,” announcing sweeping tariffs on imports in an effort to bolster U.S. manufacturing and penalize foreign countries. The proposed tariffs include 25% on autos, pharmaceutical drugs, lumber, and other goods, with additional levies on Chinese imports for fentanyl-related issues. Trump claims the move will […]
Governor Hochul delivered her first proposal from the 2025 State of the State affordability agenda, and announced New York State’s first-ever Inflation Refund, which would deliver about $3 billion in direct payments to around 8.6 million New York taxpayers statewide in 2025. This new refund would send a payment of $300 to single taxpayers who […]
McDonald’s is set to expand its U.S. value menu on January 7, offering inflation-weary customers more affordable options. The new promotion lets customers purchase one full-priced menu item and get another for just $1. Items included are favorites like the Sausage McMuffin, hash browns, McChicken, and small fries. The chain is also extending its popular […]
The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it. Some of America’s largest companies, from Amazon to Disney to Yum Brands, say their customers are increasingly seeking cheaper alternative products and services, searching for bargains or just avoiding items they deem too expensive. […]
In 2023, CEO compensation packages for S&P 500 companies surged by nearly 13%, far outpacing the 4.1% wage increase for private-sector workers amid rising inflation. The median CEO pay reached $16.3 million, making the typical CEO earn nearly 200 times more than their median employee. Economic resilience and robust profits bolstered stock prices, leading to […]
Target has announced a major price reduction on over 1,500 popular items, starting immediately, in an effort to attract shoppers deterred by inflation. The retailer plans to cut prices on a total of 5,000 items over the summer, aiming to save consumers millions of dollars on everyday essentials like milk, fresh fruit, diapers, and pet […]
Inflation is killing us especially if you want a McDonald’s Big Mac. Reports say the price of a McDonald’s Big Mac in the United States has increased nearly 22% percent since pre pandemic days. Hawaii is charging the most for a Big Mac $5.31 New York State comes in second place charging $5.23 while in […]
The Dollar Tree just announced they will no longer sell eggs because the company can’t afford to sell it. According to data taken in February the average price for a dozen eggs is $4.21. Most businesses just raise their egg prices but the Dollar Tree doesn’t have that flexibility. Dollar Tree says it can’t afford […]
With inflation affecting the cost of almost everything, some families may face even more hardships. Starting next month, March, recipients of the Supplemental Nutrition Assistance Program (SNAP) will receive only one allocation per month, reverting to their regular benefit prior to COVID. The reduction in benefits varies by household, with most families seeing between $95-200 […]
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