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Author: Medora Lee, USA TODAY

Money

Parents ready to send kids back to school, but inflation means high prices.

July 31, 2022August 1, 2022Medora Lee, USA TODAYComments Off on Parents ready to send kids back to school, but inflation means high prices.

Parents hoped for normalcy after two years of pandemic school stress. Instead, they’re struggling with soaring inflation in back-to-school shopping.

Money

What the Mega Millions $785M jackpot winner should do next: Stay quiet, hire financial team

July 30, 2022January 3, 2023Medora Lee, USA TODAYComments Off on What the Mega Millions $785M jackpot winner should do next: Stay quiet, hire financial team

Someone could ring in the new year as the $785M Mega Millions jackpot winner on Tuesday. But if you win, stay anonymous and hire a financial team.

Money

If you win the $1 billion Mega Millions jackpot, here’s what you need to know

July 27, 2022July 27, 2022Medora Lee, USA TODAYComments Off on If you win the $1 billion Mega Millions jackpot, here’s what you need to know

The Mega Millions lottery jackpot is now $1 billion. If you’re lucky enough to win, stay quiet and read this to know what to do.

Money

Social Security may get 10.5% raise in 2023 as prices surge. But don’t party yet, some say.

July 14, 2022July 14, 2022Medora Lee, USA TODAYComments Off on Social Security may get 10.5% raise in 2023 as prices surge. But don’t party yet, some say.

With inflation at a 40-year high, social security could see a 10.5% cost-of-living adjustment in 2023, but even that may not bring much relief.

Money

Red-hot inflation boosts talk of full-point rate hike, recession, stock drop, debt worries

July 14, 2022Medora Lee, USA TODAYComments Off on Red-hot inflation boosts talk of full-point rate hike, recession, stock drop, debt worries

Consumer prices accelerated 9.1% in June. This could mean a giant rate hike ahead and trouble for the economy, stocks and bonds, and consumer debt.

Money

Seed money for college, starting in kindergarten. More cities roll out college savings plan

July 10, 2022July 11, 2022Medora Lee, USA TODAYComments Off on Seed money for college, starting in kindergarten. More cities roll out college savings plan

San Francisco started college funds for kindergartners in 2011 to give kids a goal. Now, cities nationwide have followed, with Atlanta as the latest.

Tech

Elon Musk terminates deal to buy Twitter, board plans to sue.

July 8, 2022July 8, 2022Medora Lee, USA TODAYComments Off on Elon Musk terminates deal to buy Twitter, board plans to sue.

Billionaire Elon Musk says he’s terminating his deal to buy Twitter because the company has failed to address his concerns over spam accounts.

Money

What is an inverted yield curve? U.S. has seen one before every recession since 1955.

July 8, 2022Medora Lee, USA TODAYComments Off on What is an inverted yield curve? U.S. has seen one before every recession since 1955.

Short-term debt yields rose above ones on longer-term notes before each recession since 1955. That’s why this week’s yield curve inversion’s worrying.

Money

Considering a crypto investment? Why current owners are ‘committed’ despite recent volatility

July 7, 2022July 7, 2022Medora Lee, USA TODAYComments Off on Considering a crypto investment? Why current owners are ‘committed’ despite recent volatility

Crypto users remain optimistic despite the recent price plunge, according to a Morning Consult survey. They still like the future of digital assets.

Money

Prices don’t drop when inflation eases. Why your wallet will be hurting for a while.

July 5, 2022July 6, 2022Medora Lee, USA TODAYComments Off on Prices don’t drop when inflation eases. Why your wallet will be hurting for a while.

Consumers should get used to paying higher prices. If inflation eases, that just means prices aren’t rising as fast but they’re still rising.

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