Inflation remains a challenge, with prices rising 2.6% in October compared to the same month last year, according to the latest Consumer Price Index (CPI) report released on Wednesday. While this is significantly lower than the inflation rates seen throughout much of 2022 and 2023, it is still higher than the rate recorded in September.
Economists warn that the persistence of inflation shows the economic challenges are far from over. As a result, the Federal Reserve’s ongoing efforts to combat rising prices will need to continue.
Struggling to Buy a Home? Try a “House Hack”
When Joe Christiano’s sister and her partner decided to move in together, Christiano wanted to help—but the Bay Area housing market was a tough hurdle. Both home rentals and purchases were prohibitively expensive, and at one point, the couple was looking at homes priced around $800,000 that had significant structural issues.
The search was dragging on until Christiano reconnected with an old high school friend who had started a company called Nestment. Nestment helps people priced out of traditional homeownership find creative ways to get into the market.
Expecting an Inheritance? Don’t Hold Your Breath
If you’re counting on a big inheritance when your boomer parents pass away, you might be in for a surprise. A recent study from Northwestern Mutual reveals a significant gap between how many young Americans expect to receive an inheritance and how many older Americans actually plan to leave one.
According to the study, only about one in five Millennials and Gen Xers expect to inherit wealth, highlighting a disconnect between generational expectations and the financial realities of aging parents.
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Silke Mayr is a seasoned news reporter at New York Mirror, specializing in general news with a keen focus on international events. Her insightful reporting and commitment to accuracy keep readers informed on global affairs and breaking stories.
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