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Inflation and Cost of Living

This living topic explores the trends and impacts of inflation on consumer goods prices, covering a wide range of products and services. The articles delve into detailed statistics and reports on the rising costs of groceries, housing, fuel, and other essentials, while also discussing the economic factors driving these changes. Readers will find insights into how inflation affects everyday expenses, strategies for managing rising costs, and the broader implications for the economy. Additionally, the content provides expert advice on financial planning and investing in an inflationary environment.

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U.S. national debt nears $40 trillion. Here’s what that could mean for you

Eventually, debt erodes the standard of living

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The U.S. national debt is hovering around $40 trillion, according to the latest available Treasury Department data. 

Rising debt doesn’t automatically make household borrowing more expensive, but persistently large federal borrowing can put upward pressure on longer-term interest rates and leave the government spending more of its budget on interest.

For consumers, the longer-term consequences could show up through higher borrowing costs, slower economic growth or difficul...

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