Postal rates, including the price of Forever stamps, are going up again. Forever stamps get a 5-cent increase from 68 cents to 73 cents when the price increase goes into effect on Sunday. When Forever stamps were introduced in 2007, they cost 41 cents each. That’s a 78% increase in 17 years. The U.S. Postal […]
Tag: inflation
Inflation hits Costco! Membership fees go up
It will soon cost more to be a part of the club. On Wednesday, Costco Wholesale announced plans to increase annual membership fees by $5 to $10 in the U.S. and Canada, effective Sept. 1. It is the first time in seven years the retail giant has done so. The annual fee, last raised in […]
Boomers are bailing costly US to retire abroad
When Allan Fawcett decided to retire from his career in computer science in 2011, he knew he wanted to spend at least a few years traveling, particularly around Europe. After decades working in tech, he was ready, as he says, to give his mind a rest. “Computer programming destroyed my brain,” he tells Fortune. “I […]
Americans go into debt for groceries
Stacey Ellis, a lifelong Democrat from Pennsylvania, should be the kind of voter that US President Joe Biden can count on.But after four years of rising prices, her support has worn thin – and every time she shops at the supermarket, she is reminded how things have changed for the worse.Ms Ellis works full-time as […]
American’s abandon Summer Vacation this year
Asignificant number of Americans have given up on going on vacation this summer due to the high cost of living, according to an exclusive poll for Newsweek. Forty-four percent of respondents to a survey conducted by Redfield & Wilton Strategies on behalf of Newsweek between June 27 and 28 said they won’t be traveling anywhere […]
Is the ‘American Dream’ now out of reach?
About half of Americans still think the American Dream — the idea that anyone can get ahead through hard work and determination — is achievable, according to findings released Tuesday by Pew Research Center. While 53% say the American Dream remains possible, another 41% believe the life of relative economic security the notion once conjured […]
Cities that are now “impossibly unaffordable”
Anyone with half an eye on the housing market over the last two decades will know that in many countries, not least the United States, it’s become much more difficult to buy a home. But a new report sums up the feeling of many potential home buyers by creating a category that labels some major […]
Why are Americans upset about Biden economy?
Americans are not feeling good about the state of the economy, and it’s a big problem for President Biden. Even as numerous indicators suggest the U.S. economy is doing remarkably well in the postpandemic era, poll after poll has shown that consumers don’t view the economy in the same light. Nearly 3 in 5 Americans […]
2024 cost of a Memorial Day barbecue up 10%
Having friends and family over for a Memorial Day barbecue will cost you more this year, with the price of many grilling staples having risen even more sharply than that of other groceries. Americans will pay an average of just over 10% more this year than in 2023 for barbecue basics including ground beef, hot […]
Unclaimed dead bodies stack up in Canada
Some Canadian provinces have logged a jump in unclaimed dead bodies in recent years, with next of kin citing funeral costs as a growing reason for not collecting loved ones’ remains.The phenomenon has prompted at least one province to build a new storage facility. Demand for memorial fundraisers has surged. The overall cost of a […]
Retail store closures explode in 2024
The retail industry is going through a tough time as it copes with inflation-weary consumers and a rash of bankruptcies, prompting chains to announce the closures of almost 3,200 brick-and-mortar stores so far in 2024, according to a new analysis. That’s a 24% increase from a year ago, according to a report from retail data […]
Biden can no longer lie about failing economy
Last Thursday, the Bureau of Economic Analysis released its advance estimate for 2024’s first-quarter real GDP growth. At 1.6 percent, it is the worst quarterly performance since the economy contracted by 0.6 percent almost two years ago in the second quarter of 2022. This was a growth level one-third below economists’ expectations of 2.4 percent. […]