Tag Archives: inflation
Retirees Can Expect a Larger Social Security Check in 2023. Now For the Bad News
The rising rates of inflation that are sweeping the country over the summer are expected to increase the 2023 Social Security cost of living adjustment, A.K.A. “COLA.” The percentage increase (8.7%) is the largest one in 40 years, … Continue reading
Governor Hochul Announces Additional Relief For Low-Income New Yorkers
This past year has been tough on many New Yorkers as well as Americans across the country with the rapid increase in inflation. Additionally, with large increases in gas prices, fueling up took a toll on the wallets of … Continue reading
Inflation Reduction Act – DSJ Breakdown
The Inflation Reduction Act was recently signed into law by the Biden Administration. The goal of this act is to build back an economy that is beneficial for all hard-working American families. There are several details incorporated into this bill … Continue reading
U.S. Home Prices Hit Record Highs in June, Sales Continue to Slide
The housing market has been rapidly cooling down. This is due in part to the massive uptick in home prices, which have been seen nationwide, especially this past June. The average price of a home in June has reached a … Continue reading
New York Law Makers Calling for a 2-Year Sales Tax Holiday
As the ongoing battle with inflation across the country continues, lawmakers are trying everything to slow its effects and provide some much-needed relief for consumers. This past Wednesday, New York State Republican lawmakers called for a 2-year tax holiday that … Continue reading
Inflation – Basic Breakdown
Inflation, at one point or another, has been something every American has had to deal with for a number of years. Simply put, inflation is when the general price of goods and services goes up across the economy, reducing the … Continue reading
As inflation to Rises So does Sales Tax Revenues
Last month, the sales tax revenue collected by New York, and other states around the country soared. There seems to be a direct correlation with the increase in inflation. The concept makes sense since as inflation continues to rise, consumers … Continue reading