What do you want to know Many clients struggle to save enough for retirement. Fewer have put in place defenses against inflation. Some annuities offer features that can help owners increase their income over time. Inflation is a major concern for many people lately. As the consumer price index hits 40-year highs, your customers might […]
Private tenants spent a collective total of £62.4billion on rent last year. Photo: Toby Melville/Reuters Record rents are crushing renters, with the average household in the UK spending 42% of their after-tax income on rent, according to an index. The Hamptons Monthly Rental Index shows record rental growth last year meant tenants spent an average […]
Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. Previously select a group of people who earn a lot of money but are not yet […]
WASHINGTON, March 9, 2022 /PRNewswire/ — Worry about current inflation misses the point, according to new analysis from the Ludwig Institute for Shared Economic Prosperity (LISEP), which indicates that over the past 20 years, rising consumer prices have hit middle- and low-income households much harder than the consumer price index suggests. LISEP today published a […]
Breadcrumb Links Columnists To make up for the past two years, it might be tempting to turn the whole trip into one big splurge. Overspending on a family spring break can be avoided with a few tips before making arrangements. Photo by Les Bazso /Province Content of the article Q: We were waiting to see […]
ISD Houston Superintendent Millard House II on March 3 announced a central office hiring freeze effective immediately, along with a reduction in central office budgets and an on-campus spending freeze for the rest. of the 2021-22 financial year. (Community Impact newspaper staff) ISD Houston Superintendent Millard House II on March 3 announced a central office […]
Retirement / Social Security BraunS/Getty Images Despite the cost of living adjustment (COLA) of 5.9% for 2022, the highest in decades, seniors continue to lose purchasing power due to inflation. According to The Motley Fool, COLAs have notoriously done a poor job of helping the elderly during times of high inflation. This is true even […]
Through donations and tailored loan solutions, CSB provides strategic capital to provide affordable housing in local communities CAMBRIDGE, Mass., March 03, 2022–(BUSINESS WIRE)–Cambridge Savings Bank (SCB)a full-service mutual bank with a customer-centric approach and more than $5 billion in assets, today announced financial support for two organizations addressing homelessness in the Boston area: Cambridge Housing […]
M The PS salary is expected to rise by 2.7%, the parliamentary spending watchdog said on Tuesday. The Independent Parliamentary Standards Authority said the increase would take the overall salary from £81,932 to £84,144 from April 1, 2022. He said the increase would be the same as the average wage increase for public sector employees […]
In a world facing pandemics, rising inflation, job cuts, soaring cost of living, we are all facing a rather unpredictable future. Ensuring your financial protection and that of your family therefore becomes extremely essential to remain unfazed by such conditions. Saving is the best way to make sure you’re protected because it helps systematically accumulate […]
It’s time to write about inflation again, even though I devoted three columns to it in 2021. In April, I argued that inflation was a distant threat to the still slow economic recovery. As the months passed, new data confirmed that the economy was in worse shape than it appeared then, but also that inflation […]
JEFF PRESTRIDGE: NS&I continues to do what most banks and building societies currently refuse to do, which is to give savers a fairer deal By Jeff Prestridge for The Mail on Sunday Published: 21:50 GMT, February 19, 2022 | Update: 21:50 GMT, February 19, 2022 Savings giant NS&I continues to do what most banks and […]
Families who feel the pressure now will feel the pressure even more in a few months. Millions of households will find it harder to balance their family budget in April as they face a series of increases in household bills. Interest rates have also risen, putting pressure on those with certain types of mortgages or […]
By Colin Mann February 15, 2022 Millions of families under pressure from the rising cost of living could each save £144 (€172) on their annual broadband bills, Ofcom, the UK communications regulator, has found. Special discounted broadband packages – sometimes called “social tariffs” – are available for around 4.2 million households benefiting from universal credit. […]
Petrol prices have reached a record high and are expected to rise further in the coming weeks, adding to the burden on the already tight budgets of UK households. The AA said petrol topped 148p a liter on Sunday, topping the previous high of 147.72p on November 21 last year. Diesel prices have also increased, […]
The Marshall government is investing $21.25 million in its Switch for Solar program, which gives eligible dealers the opportunity to have a free solar system installed in exchange for their dealership payments. “Electricity bills for households already enrolled in the program have been reduced by more than $1,000 per year, translating into a net benefit […]
JEFF PRESTRIDGE: Watchdog’s red face ‘saved’ over £4billion on insurance – FCA boast now looks like nonsense By Jeff Prestridge for The Mail on Sunday Published: 21:51 GMT, February 12, 2022 | Update: 21:51 GMT, February 12, 2022 It was good to hear BBC Radio 4 last Thursday airing our story about increased premiums for […]
Britons are saving less as the cost of living rises, with data showing funds have fallen by nearly 40% year-on-year. With the rising cost of living, disposable incomes are being squeezed and Britons are being forced to dip into savings built up during Covid lockdowns and restrictions. Data from money management app Plum revealed that […]
A government minister has said people worried about the cost of living should ‘shop around’. Deputy Finance Minister Sean Fleming said RTE Drivetime that people should look for alternatives instead of “complaining”. Asked by host Sarah McInerney about the government’s measures to tackle the cost of living, Mr Fleming said savings could be made by […]
The cupola of the Iowa Statehouse is shown in Des Moines. (The Gazette) As Iowa Republicans scramble to negotiate a bill that would cut state income tax rates, some lawmakers are touting tax reform as a way to compete with other states for workers and to make Iowa attractive to a growing workforce. Senator Mike […]
Low-wage single people will spend an average of 43% of their income remaining after housing bills on energy costs. It means Chancellor Rishi Sunak’s support for gas and electricity costs will provide cold comfort as prices soar in April, campaigners say. 1 Singles will spend 43% of their salary on electricity and gas bills after […]
Wednesday 02 February 2022 09:47 Photo by Nikita Khandelwal from Pexels.com London renters pay up to 72% of their monthly household income just to get by in the capital’s rental market. Nationally, this figure is even higher, up to 77%. The average UK rental household pays £808 per month in rent, which is 26% of […]
Photo: Unsplash/Sasun Bughdaryan Several polls reveal that financial worries weigh heavily on Canadians. The recently released MNP Consumer Debt Index fell seven points to a record high, reflecting declining confidence in the ability to repay debts. Forty-five percent of respondents said they were not confident they would be able to cover their living expenses this […]
Boris Johnson and Rishi Sunak will this week seek to finalize a package of measures to help millions of low-income British households with an impending steep rise in their energy bills. The Prime Minister and Chancellor have agreed to prioritize “targeted support” for less well-off families struggling with rising energy costs rather than the same […]
Earners earning £100,000 a year could end up paying proportionally less in National Insurance than those on middle incomes if a planned increase materializes in April, it has emerged. Figures produced by the Tax Calculator UK website show that those earning £100,000 a year will only pay 7% of their overall salary in National Insurance […]