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Warren Buffett saw inflation coming early on — 8 tips to help you come out ahead

[Moneywise] Rising prices and uncertainty about how long they’ll last are putting Americans in a bad mood. Inflation was worse than expected in November, with consumer prices soaring 6.8% from a year ago. That inflation rate was the steepest in more than 30 years, with gasoline, housing, food and cars leading the way. When prices […]

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A record 4.4 million people quit in September as Great Resignation shows no signs of stopping

[CNBC, Getty Images] A record-high 4.4 million people, or 3% of workers, quit their job in September, according to the Labor Department’s latest Job Openings and Labor Turnover Survey released Friday. The tight market, where workers have more leverage to move around and employers are doing everything they can to staff up, is already impacting the holiday shopping […]

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Experts say the 4% rule, a popular retirement income strategy, is outdated

[CNBC, Getty Images] The 4% rule, a popular strategy to gauge withdrawals from one’s retirement portfolio, won’t work as well in coming decades due to lower projected stock and bond returns, according to a Morningstar paper published Thursday.The withdrawal rate should instead be 3.3%, the paper said. That can have a big financial impact on […]

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Millennials own nothing because the economy screwed us over for 25 years – but older generations still try and blame it on our work ethic

[Business Insider, Leung/Insider Intelligence] My parents don’t understand why I don’t own a house, a car, or a retirement savings account.My generation has fewer job opportunities, more student debt, and outrageous housing prices.It’s far worse for us than it was for previous generations.Ingrid Cruz is a freelance writer based in Mississippi.This is an opinion column. […]

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Evictions are still banned in these states

[CNBC, iStock | Getty Images] Months after the national ban on evictions expired, a number of states and cities have either kept in place or implemented policies curbing the proceedings.Here’s where renters are still protected.Months after the national ban on evictions expired, a number of states and cities have either kept in place or implemented […]

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Bill Ackman calls for the Fed to start raising interest rates ‘as soon as possible’

[CNBC] Billionaire hedge fund manager Bill Ackman called for the Fed to raise interest rates and start cutting its monthly asset purchases immediately.“We are continuing to dance while the music is playing, and it is time to turn down the music and settle down,” he said in a tweet.Ackman’s Pershing Square is underperforming the S&P […]

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America’s economic recovery hits a major roadblock

New York(CNN Business) This summer, the American economic recovery hit a roadblock. The US economy grew at an annualized rate of only 2% in the third quarter, the Bureau of Economic Analysis reported Thursday. The highly infectious Delta variant of the coronavirus, supply chain chaos, worker shortages, sluggish jobs numbers and higher prices weighed on economic activity. It was far lower than the 2.7% economists had predicted and the slowest […]

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Should you buy a home in the hottest market ever? Huge gains can’t continue, experts warn

[Bankrate, Getty Images] The U.S. housing market is on an absolute tear. Month after month, prices break new records. Sellers are ecstatic. While buyers can revel in mortgage rates near all-time lows, that’s about the only upside to shopping for property in this market. If you’re considering buying a home now, the soaring prices raise an obvious question: Should […]

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A shock is headed for the housing market

[Fortune, Getty Images] The Biden-Harris administration has made it clear it has no plans for another extension of the mortgage forbearance program, which is set to lapse on Sept. 30. At the height of the pandemic, more than 7.2 million homeowners were in the mortgage forbearance program, which allows some borrowers to pause their payments. […]

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Nearly half of Americans selling their homes don’t plan to buy another: Here’s what they’re doing instead

[Acorns, Twenty/20] It is not surprising sellers are opting to rent, due to the all-time high housing prices. The housing market is red-hot and showing few signs of slowing down. Home prices were at a median $386,888 in June, according to Redfin, up 24% since last June. And demand is high: The average house lasted just 14 days […]

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