Posts Tagged With ‘ Economy ’

It’s one of the biggest frauds unleashed on the American public: high gas prices despite falling crude oil prices. As consumers prepare to vote, it’s often the high gas prices that are on their minds. Recently, I wrote about price gouging. I reported about one-third to half of the current inflation in the United States is being caused by big companies making excessive profits. It was difficult to get information on price gouging, but a friend send me a copy of a chart that’s gone viral. In April, John Bevins of director of research at the Economic Policy Institute, an economic policy think... Continue Reading

For years, I’ve suggested that consumers consider banking with a credit union rather than a bank. Why? Consumers often can’t trust banks not to gouge them with high interest rates and fees. It was great to listen to President Biden speak on the radio and on television about the action his administration is taking on “junk fees.” Junk fees can weaken market competition, raise costs for consumers and businesses, and hit the most vulnerable Americans hardest. Biden is calling on federal agencies to reduce or eliminate hidden fees, charges, and add-ons from banking services,... Continue Reading

Michelle Singletary, financial writer for The Washington Post, has been recommending buying Series I Bonds for months now. Singletary says for investors with money to spare and who are looking for safety, inflation has been good for Series I Bonds, which the Treasury Department announced will be paying 9.62 percent until the end of October. So, I thought I’d try it. I was apprehensive because I’d read so much about how clunky the TreasuryDirect.gov website is. Buyers are advised to have all the needed information at hand when they set up an account: your Social Security number, bank... Continue Reading