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    by Adam Brandon   Last week, President Biden gave a speech listing everyone and everything allegedly responsible for record high inflation. His list included corporate greed and price gouging, Vladimir Putin, and “ultra-MAGA” Republicans. The president said that his policies, and the nearly $7 trillion in spending he authorized, have nothing to do with inflation. None of this holds up under scrutiny. While President Biden claims that corporations are ripping off Americans, the costs of their supplies have been increasing at a record rate. In reality, many companies that Biden claims are stiffing consumers have actually lost money because they don’t want to alienate their customers by raising prices too quickly. Biden’s blame of the war in Ukraine for inflation is similarly untethered from the facts. As one look at the chart of inflation in the United States shows, inflation was rapidly approaching its current level before Putin’s invasion began. Gas prices have also been rising steadily for the past year, undercutting Biden’s claim that “Putin’s price hike” is the reason Americans are paying more at the pump. But perhaps no claim is...
    In this article WMT TGT A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow.Jim Watson | AFP | Getty ImagesMany Americans feel anxious about money, especially when inflation is high, interest rates are rising and markets are whiplashing. More than 40% of U.S. adults said that money concerns have a negative impact on their mental health, according to a recent survey from Bankrate. Of those who said money took a toll, most cited feeling stressed, anxious and overwhelmed. "When individuals suffer money challenges or they're working through money issues, there's tremendous potential for stress," said Mark Hamrick, senior economic analyst at Bankrate. More from Invest in You:85% of those who negotiated a job offer succeeded. How to do itGreat Resignation workplace changes are here to stayCompanies are betting perks will help them in 'Great Reshuffle' A primary concern for many households now is high inflation, which has hit most major expenses and outpaced wage gains. Here's what...
    MORE money could be on the way for Americans as lawmakers agreed on a budget that includes up to $150 in direct payments. The package, unveiled Monday, is worth nearly $9.8billion and would benefit Oklahomans. 1The payments would go out as a tax rebateCredit: Getty The direct payments, which are set to go out in form of tax rebates, are valued at $75 per individual, or $150 for couples. A handful of states across the country have been including direct payments in budgets this year to help residents deal with inflation. Who is eligible and when would the money go out?  Assuming the bill passes, all taxpayers would qualify, according to The Oklahoman.  The checks would go out via mail in December. READ MORE ON PAYMENTSCASH IN THE AIR Stimulus payments worth up to $2,500 available to Americans - how to applyFREE MONEY Surprise $5,000 bonuses getting sent to 5,400 Americans TODAY Oklahoma’s legislature has begun hearings on the budget and plans on sending it to Governor Kevin Stitt this week.  Moreover, Mr Stitt’s negotiators were involved in discussions with top lawmakers last week. ...
    Americans are more stressed about money than they've ever been, according to the American Psychological Association's latest Stress In America Survey. "Eighty-seven percent of Americans said that inflation and the rising costs of everyday goods is what's driving their stress," said Vaile Wright, senior director of health care innovation at the American Psychological Association. More than 40% of U.S. adults say money is negatively impacting their mental health, according to Bankrate's April 2022 Money and Mental Health report. "I was in debt off and on all of my 20s and early 30s," Tawnya Schultz, founder of The Money Life Coach, told CNBC. "I was in this debt cycle of trying to get out of debt, paying off debt, getting back into it. And I was just tired of feeling like I could never get out of it or feeling like I was always going to have debt." More from Invest in You:Want a 720 credit score? Here are four ways to improve yoursReady to invest in the stock market? Here are three strategies for beginnersHere’s how to pick between a...
    PAYMENTS worth hundreds or even thousands are out there to be claimed. The New Hampshire Department of Health and Human Services (DHHS) said that more than 300 young people have received stimulus payments. 1More than 300 young people have received checks worth up to $2,500Credit: Getty They are made available thanks to the Consolidated Appropriations Act, which is investing $400million to help young Americans in foster care make the move into adulthood. The program in New Hampshire is being run by the Division for Children, Youth and Families (DCYF), and non-profit agency Waypoint. “Through this additional funding, we have an opportunity to impact their future success,” DCYF director Joseph E. Ribsam said in a statement.  “Knowing that assistance is available for things like food, rent, or transportation can make a real difference for young adults who can use this support to jump-start their futures.” READ MORE ON PAYMENTSFREE MONEY Seven states where millions will receive rebate checks worth up to $1,500 INFLATION HELP Americans one step closer to getting up to $800 in rebates checks Who is eligible?   To...
    HAWAII taxpayers can expect cash relief soon. After debate over varying relief proposals in Hawaii, it seems likely that residents can expect a one-time tax refund soon. 1Hawaiians can expect a one-time tax refund this year In January, Hawaii Governor David Ige proposed paying families $100 for each taxpayer and dependent in a household. Earlier this month, state legislators passed a modified version of Ige's proposal. Hawaii Senate Bill 514 would guarantee at least $100 in rebates to every taxpayer in the state. The bill is also designed to benefit lower-income families and individuals by setting income caps on the maximum refund. READ MORE ON CASH AIDMONEY MONEY Americans can get payments worth up to $600 – here's how to claim your cashSHOW ME THE MONEY Rebates worth up to $850 available in 10 states to help with inflation Hawaiians who earned less than $100,000 last year will receive $300, while all others will take home $100. Married couples filing jointly must earn less than $200,000 to qualify for the maximum rebate. Families can also claim a...
    Health care leaders in the United States are out of touch with the reality of the basic healthcare needs of ordinary Americans, one leading public health expert warns.  Dr Marty Makary, a public policy expert from Johns Hopkins University in Baltimore, Maryland, told DailyMail.com that the current set up of public health in America leaves it lacking for the average person, with the pandemic exposing some of the system's flaws. While officials spent the past two years focusing on Covid, and using funds on the testing, vaccines and treatments, other major issues affecting every day Americans like the nation's obesity and diabetes epidemics, and the surging cost of non-Covid care, have been totally ignored. Makary highlights the disconnect, and the exorbitant costs Americans suffer at the hands of a predatory and litigious medical system in his 2019 book 'The Price We Pay', where he traveled to 22 U.S. cities across nation to report of the gaps in the system. Dr Marty Makary (pictured), told DailyMail.com in an exclusive interview that he believes there is a disconnect between health leaders and...
    The White House will have to limit the next generation of COVID-19 shots to the Americans at highest risk for serious disease if Congress doesn't pass a new coronavirus funding package.  On Monday, CNBC reported the warning, citing a senior Biden administration official.  'We will be able to get some vaccines of the new generation but it'll be a very limited amount and really only for the highest-risk individuals, but it will not be available for everybody,' the official told CNBC.   President Joe Biden urged Congress on Monday to pass a COVID-19 funding bill warning, 'We will lose our place in line for America to order new COVID treatments and vaccines for the fall' A senior administration official warned to CNBC that only the most high-risk Americans will be able to get new COVID vaccines if Congress doesn't pass new funding  The official told the network that the White House is worried there will be a COVID surge in the fall due to the current vaccines losing efficacy and because the omicron variant could mutate into variants that are even more...
    THOUSANDS of Americans in Delaware are set to receive one-off direct payments worth $300. Officials aim to send the checks to residents that have filed 2020 state tax returns by May 31. 1More than 600,000 Americans in Delaware are set to receive a $600 paymentCredit: Alamy More than 600,000 residents are set to benefit from the cash boost. Individuals will receive $300, while married couples filing jointly will get $600. The rebate, which was signed into law by Delaware Governor John Carney on April 14, is designed to help people offset the effects of inflation, particularly at the pump and the grocery store. The price of gas per gallon stands at $4.401 in Delaware, the American Automobile Association revealed. read more on us moneyPAYDAY Over 2.2m struggling Americans sent $1,400 stim checks in latest round of payments MONEY TALK Gas stimulus and public transit cards to be sent to thousands - Do you qualify? It is higher than the national average cost of gas per gallon, which is currently $4.328. Payments will be sent via mail to residents’ most...
    More than half of Americans feel they handle their finances better than their parents, according to new research. A survey of 2,000 adults looked at how different generations perceive money and found that 58 percent believe they're better financial managers than their parents, yet 65 percent admitted being uncomfortable when talking to them about money. 1Some Americans think they handle finances better than their parents This may be because 59 percent feel their parents have previously judged their financial habits. But that isn’t stopping people from achieving their financial goals or teaching others about their hits and misses.  Almost six in 10 said they’re confident enough in their financial habits to pass them down to their children (58 percent). Conducted by OnePoll on behalf of BOK Financial, the study revealed that 77 percent of people are confident in their ability to save money — especially millennials (86 percent). READ MORE PERSONAL FINANCE STORIESMONEY MAINTENANCE I'm a money expert - Simple steps to break the paycheck to paycheck cycleBULLS EYE I am money-saving mom and here’s a little known secret program at...
    A customer purchases lemons at a supermarket on April 12, 2022 in San Mateo County, California.Liu Guanguan | China News Service | Getty Images Federal Reserve chair Jerome Powell may have said it best when he addressed the public at a Wednesday press event following the Federal Open Market Committee's half-point rate hike. "Inflation is much too high," he said. "We understand the hardship it is causing, and we're moving expeditiously to bring it back down." The Fed is raising interest rates to rein in the economy as consumers grapple with the largest price increases seen in 40 years. Inflation is starting to have an impact on people's spending expectations over the coming months, with 61% of Americans saying they're worried about their financial situation, according to a survey of more than 1,000 adults conducted by Toluna from March 23 to 29. More from Invest in You:The Great Resignation is still red hot — but may not lastCompanies hope these benefits will help them in 'Great Reshuffle′More employers are offering financial education for workers Many Americans now expect they'll have...
    Who are the elite of America? If you watch Fox, or spend time in rightwing media bubbles, you’ll probably think of celebrities, musicians, actors and athletes – all those fashionable bicoastal entertainers who look down on hard-working middle Americans. A recent ProPublica report based on IRS tax files from 2013 to 2018 shows this vision of America’s upper-crust is thoroughly misleading. The richest are not actors or singers. They’re tech moguls, hedge funders and heirs. The right-wing wants you to think the US is controlled by nefarious culture workers. In fact, the 400 people who comprise the upper echelon of US wealth are virtually all white male capitalists. Celebrities are rich, but not that rich. The resentment directed at them is a convenient way to target groups that the right-wing doesn’t believe is entitled to wealth. Meanwhile, the people who are truly the most powerful are celebrated for their business acumen in sitting back and collecting investment income. The average American earns about $40,000 a year. The top 5 percent earns at least $198,000. The top...
    The White House detailed plans Tuesday for more coronavirus vaccines, suggesting future vaccines would be more effective if the government continued to fund the research. “It is possible that we may get a whole new generation of vaccines in the Fall or Winter that may be more effective and more durable,” White House COVID-⁠19 Response Coordinator Dr. Ashish Jha told reporters during the daily briefing. Jha said the Food and Drug agency was working with the Moderna and Pfizer pharmaceutical companies to develop new vaccines, and urged Congress to pass more coronavirus research funding. “None of those are going to be available to the American people if we don’t get more funding,” he warned. White House Press Secretary Jen Psaki listens as White House Coronavirus Response Coordinator Dr. Ashish Jha speaks at a daily press conference in the James Brady Press Briefing Room of the White House on April 26, 2022 in Washington, DC. (Anna Moneymaker/Getty) Jha is the new coronavirus czar for the Biden administration after Jeff Zients stepped down in March. Zients also urged Congress to fund additional...
    MANY Americans rely on Social Security checks during their retirement years with many looking forward to sitting back and collecting money. However, Social Security isn't always able to supplement the income a person used to receive when they worked, causing people to find other ways to get extra cash on the side. 2For many Americans, money from social checks isn't always enough and have to find alternatives to supplement their incomeCredit: Getty A report from the Social Security Trustees found that the Social Security Trust Fund will be depleted by 2033, meaning that benefits in the future will likely be reduced until measures are taken to avoid this. In order to enjoy a fulfilling life after retirement, a supplemental source of income might be required. Here are some ways to earn extra money. RENTAL INCOME Rental income is one of the most common ways people supplement their income as there are a lot of ways to go about doing so. One of the easiest ways to make rental income is by renting out a room in your home that you...
    Most Americans struggle to figure out which health insurance plan will save them money. It is a process that can be confusing, time-consuming and costly. A study of almost 24,000 employees at a major Fortune 100 company found that 61% of them chose the wrong plan for their needs. The average employee could have saved an estimated $372 per year by choosing a different plan, according to the researchers at Carnegie Mellon University who conducted the study. "The majority of employees chose plans that were more expensive, regardless of how much health care that they actually consumed the following year, and on average, the cost of these choices was about 2% of salary," Carnegie Mellon associate professor of economics Saurabh Bhargava, who authored the study, told CNBC. More from Invest in You:How this risky strategy can leave retail investors vulnerableHere's how to invest your money if you are saving for your next vacation5 money-saving tips from a TikTok lawyer who reads the fine print In 2018, over 8% of Americans' total household spending went toward health-care costs. This represents about...
    VIDEO11:4311:43Andrew Yang explains how crypto and a universal basic income could intersectCrypto World MIAMI — Former presidential candidate Andrew Yang says that Covid stimulus checks are not to blame for the recent inflation spike — and he's still in favor of sending people free cash as a way to insulate workers from economic shocks and technological disruption. The universal basic income (UBI) evangelist told CNBC on the sidelines of the Bitcoin Miami conference that stimulus checks comprise "maybe 17%" of the money issued with the CARES Act — a measure passed by Congress to unlock trillions of dollars in stimulus funding to shore up the economy amid worldwide lockdowns. "Where did the other 83% of the money go? It went to institutions. It went to pipes," said Yang, who ran for New York City mayor and U.S. president on a platform advocating for guaranteed monthly payments from the government to all citizens age 18 to 64, with no strings attached. "Money in people's hands for a couple of months last year — in my mind — was a very, very...
    AMERICANS who invested their first $1,200 stimulus check in Bitcoin have seen it grow to a value of more than $7,000. While many are still unsure about the benefits of cryptocurrency such as Bitcoin, it has paid off for some. 1Those who invested their first stimulus check have seen it worth to a value of more than $7,000 For people who chose to invest their first stimulus in Bitcoin when it was handed out in April 2020, their stock is worth about $7,285 as of April 15, 2022, according to Bitcoin Stimulus, which has been tracking the numbers. That is a more than 500 percent return on investment. When Congress passed the CARES Act to help relieve Americans of some of the financial stress caused by Covid-19, they intended for the money to be spent on necessities like food and rent. But for some who had the financial capacity and invested in cryptocurrency, their return on investment has been huge since April 2020. Read more on cryptocurrencyBIT LOUD Logic, Steve Aoki, and Run The Jewels to...
    MILLIONS of Americans rely on Social Security when it's time for retirement. The amount you receive each month will vary depending on when you begin collecting benefits, but we highlight the numbers you need to know now to prepare for the golden years. 1Social Security payments will vary depending on when you begin collecting your benefits.Credit: Getty Images - Getty Social Security goes beyond providing monthly benefits for retirees. It can also provide benefits to disabled workers, spouses and dependents. Depending on your situation, it will affect the amount of money you can receive. Here are numbers to keep in mind. Read more Social Security storiesBENEFIT BOOST When Social Security benefits are recalculated - it could increase payments PAYDAY TIME Exact dates Social Security benefits will be paid each month this year 65million According to the Social Security Administration (SSA), in 2021, an average of 65million Americans received a Social Security benefit every month. This number is expected to grow as Americans are living longer. $1,555 Social Security is a major source of income for most of the elderly. The...
    WHILE many Americans are still unsure about the benefits of cryptocurrency, some have been realizing that it pays off. For those who invested their first $1,200 stimulus check in Bitcoin back in April of 2020, their investment is now worth over $7,000. 1For people who chose to invest their first stimulus in cryptocurrency, they could be seeing a massive return on investment When Congress passed the CARES Act to help relieve Americans of some of the financial stress caused by Covid-19, they intended for the money to be spent on necessities like food and rent. But for those who had the financial capacity and invested in cryptocurrency, their return on investment has been huge. For people who chose to invest their first stimulus in Bitcoin, their stock is worth about $7,176 today. That is an approximate 598percent return on investment. Read more on cryptocurrencyBIT LOUD Logic, Steve Aoki, and Run The Jewels to play at Bitcoin conference festivalCRYPTO CARNAGE Crypto event descends into chaos with bomb squad called after security risk And for those who...
    A NEW Chicago pilot program will pay out $500 a month for a full year to help some struggling low-income residents in the city. As many as 5,000 needy households could qualify, and the open application process opens Monday, April 25th. 1A new pilot program could put thousands of dollars into the pockets of needy ChicagoansCredit: Getty There are certain criteria that residents must meet to receive the money. They must be: 18 years or older Have experienced economic hardships due to the pandemic Have a household income at or below 250% of the federal poverty level. For a family of three, that is less than $58,000 Those who meet the above requirements will be entered into the application process and citywide lottery. State lawmakers say those living in communities facing pre-existing economic hardship will be given priority. Dealing with poverty and homelessnessHOME SWEET HOME I was a homeless teen mum & went through so much c**p to get a council homeHELPING HAND Eviction ban extended to save thousands from losing their homes - get help...