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News Articles: cost of living

High inflation has been particularly tough for people who rely on Social Security for their income.

Tagged as: 

  • Economy

Social Security recipients will get a smaller increase in benefits as inflation cools

Social Security beneficiaries will receive a 3.2% cost of living adjustment next year. Inflation has been moderating recently, with consumer prices in September up 3.7% from a year ago.

October 12, 2023
|
By:
  • Scott Horsley

Tagged as: 

  • Your Money

These 7 charts show how life got pricier (and, yes, cheaper!) in 2022

Boy, have we talked a lot about inflation. It affected every part of our lives (and the economy) in 2022. Here are some of its highest highs and lowest lows. (It wasn't all bad news!)

December 23, 2022
|
By:
  • Stacey Vanek Smith,
  • Alina Selyukh,
  • and 1 more
People shop for bread at a supermarket in Monterey Park, California on October 19, 2022. Grocery prices were up 12.4% last month from a year earlier, a government report showed.

Tagged as: 

  • Economy

Stock market surges after inflation report shows the pain of high prices may ease

Stocks experienced their biggest rally in two years after a report that inflation is currently running at 7.7%.

November 10, 2022
|
By:
  • Scott Horsley
The Broughton family prepares for their dinner prayers during a gathering on November 26, 2020 in Los Angeles, California. Prices for Thanksgiving staples like turkey are on the rise this year, thanks to inflation.

Tagged as: 

  • Economy

Rising prices are on the menu for Thanksgiving, with inflation currently at 7.7%

With Thanksgiving just two weeks away, food and family are on many people's minds. But turkey and travel will carry a hefty price tag this year. The annual inflation rate in October was 7.7%.

November 10, 2022
|
By:
  • Scott Horsley
A British Union Jack flies above a clothing market stall in Barking, U.K., last week.

Tagged as: 

  • World

One thing is top of mind for many young Brits, and it's not the royal family

While all eyes were focused on England in the aftermath of Queen Elizabeth II's death, many young people in London have other issues on their minds. For most, the biggest one is the economy.

September 20, 2022
|
By:
  • Rachel Treisman
A gas pump is seen at a gas station in Houston on June 9. Gas prices have dropped below $4 a gallon in parts of the country, although the national average remains above that level.

Tagged as: 

  • Economy

Gas prices are finally dropping. Here are 4 things to know

The average price of gasoline nationwide is expected to drop below $4 a gallon in the coming days as prices continue to fall from the record highs hit in June.

August 06, 2022
|
By:
  • Scott Horsley
Are you looking to move into your own home? If so, what could help you achieve this?

Tagged as: 

  • National

Young Americans are living at home longer. We want to hear your stories on why

Recent studies have found younger Americans are living at home longer. Are you aged between 18 and 34 and living in a multigenerational household? We want to hear from you.

August 05, 2022
|
By:
  • Claire Murashima
Homes under construction

Tagged as: 

  • Economy

Think tank study blames government rules instead of speculators for soaring home prices

A Georgia policy think tank’s report argues that too many government regulations drive up the cost to build new homes while pricing out first-time home buyers.

May 12, 2022
|
By:
  • Stanley Dunlap
Road construction

Tagged as: 

  • Economy

Inflation putting strain on state road projects

Highway projects across Georgia are being squeezed by the increasing cost of construction materials brought on by the war in Ukraine and other inflationary pressures, a state Department of Transportation engineer said Wednesday.

April 21, 2022
|
By:
  • Dave Williams
A shopper walks through a grocery store in Washington, D.C, on March 13. Surging inflation poses a particular challenge for working-class families, impacting the cost of basic necessities such as groceries.

Tagged as: 

  • Economy

How soaring inflation forces stark choices

Inflation in March was the highest since December of 1981, with prices up 8.5% from a year ago. Rising prices are especially hard on low-income people, who spend more of their money on necessities.

April 12, 2022
|
By:
  • Scott Horsley
Some consumers are wondering why President Biden is not doing more to counter surging prices across the economy.

Tagged as: 

  • Economy

Inflation is surging and people are hopping mad

Inflation is the highest it's been in more than 30 years, imposing a financial burden on households and putting President Biden under pressure.

November 13, 2021
|
By:
  • Scott Horsley

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