Inflation Relief May Be On The Way, But Consumers Forced To Spend More Now From the Check out some of this week's best money reads from experts: series Lisa Rowan - Forbes Advisor May 6, 2022 May 6, 2022 Updated May 7, 2022 0 XINHUA NEWS AGENCY VIA GETTY IMAGES Facebook Twitter Bluesky WhatsApp SMS Email Print Copy article link Save Lisa Rowan - Forbes Advisor High prices are forcing Americans to spend more and save less. But they’re not taking on more debt—at least, not yet.kAm~?6\BF2CE6C @7 p>6C:42?D D2J E96J’C6 DA6?5:?8 >@C6 E92? FDF2=[ 244@C5:?8 E@ E96 =2E6DE u@C36D p5G:D@C\xAD@D r@?DF>6C r@?7:56?46 q:H66<=J %C24<6C] {2DE >@?E9[ a_T @7 C6DA@?56?ED D2:5 E96J H6C6 DA6?5:?8 >@C6[ 2?5 :? y2?F2CJ[ @?=J `dT 5:5]k^AmkAm%96 DFCG6J[ 4@?5F4E65 3J k2 9C67lQ9EEADi^^HHH]:AD@D]4@>^6?\FD^?6HD\A@==D^@G6C2==\4@?DF>6C\4@?7:56?46\:?56I\DE23:=:EJ\@3D4FC6D\:?4C62D:?8\82A\:?\@AE:>:D>\24C@DD\5:776C6?E\8C@FAD\@7\p>6C:42?DQmxAD@Dk^2m[ >62DFC6D 4@?DF>6C D6?E:>6?E @G6C E:>6]k^Am kAm(:E9 E96 AC:46D @7 8@@5D[ 6?6C8J 2?5 82D D@2C:?8[ :E’D ?@ H@?56C p>6C:42?D 2C6 766=:?8 A:?4965] r@?DF>6C AC:46D :? |2C49 H6C6 g]dT 9:896C E92? E96 D2>6 A6C:@5 :? a_a`[ 244@C5:?8 E@ qFC62F @7 {23@C $E2E:DE:4D Wq{$X 52E2[ E96 =2C86DE `a\>@?E9 :?4C62D6 :? c_ J62CD]k^Am People are also reading… Update: Old Fort man killed in motorcycle crash on I-40 identified Mission Hospital McDowell recognizes 3 nurses for National Nurses Week Dual-threat QB Haynes King is Panthers' top undrafted free agent to watch Reports: NC Rep. Chuck Edwards under investigation for sexual harassment claims Marion man charged with burglary and kidnapping after woman held against her will in home 1 person killed in motorcycle crash on I-40 eastbound near Old Fort McDowell Chamber of Commerce holds annual gala, awarding top businesses, leaders Report: Chuck Edwards under scrutiny for alleged affair with former aide; lawmaker denies claims McDowell Express expanding on-demand app-based transit to Old Fort McDowell County native started mowing lawns at 15. 5 years later, he has a business, employees Rotary Club of Marion honors three Students of the Week from McDowell schools This WNC family lost their home in Hurricane Helene. 19 months later, they're getting a new one. New home for the Young family revealed in Spruce Pine; home was destroyed in Helene Tow truck driver, rescuers unite to save NC donkey that was belly deep in mud McDowell County Sheriff’s Office says its searching for missing dump truck k9amr@?DF>6CD $A6?5:?8 |@C6 2D %96J pH2:E x?7=2E:@? #6=:67k^9amkAm~? |2J c[ E96 u656C2= #6D6CG6 k2 9C67lQ9EEADi^^HHH]7@C36D]4@>^25G:D@C^A6CD@?2=\7:?2?46^765\:?4C62D6D\C2E6D\3J\92=7\A6C46?E286\A@:?E^nFE>0D@FC46lDJ?5U2>AjFE>0>65:F>lCDDU2>AjFE>042>A2:8?l=66Q C6=lQ?@7@==@HQmC2:D65 :ED <6J :?E6C6DE C2E6k^2m 2 92=7 A6C46?E286 A@:?E :? 2? 677@CE E@ E2>6 :?7=2E:@?] %9:D :D E96 u65’D 3:886DE D:?8=6 C2E6 :?4C62D6 :? >@C6 E92? EH@ 564256D]k^Am kAmqFE 4@?E:?F:?8 DFAA=J 492:? :>32=2?46D 2?5 E96 A246 @7 E96 u65’D C2E6 :?4C62D6D >2J 56=2J E2?8:3=6 C6DF=ED 7@C 4@?DF>6CD] %96 46?EC2= 32?< 6IA64ED :?7=2E:@? E@ k2 9C67lQ9EEADi^^HHH]7656C2=C6D6CG6]8@G^>@?6E2CJA@=:4J^7:=6D^7@>4AC@;E23=a_aa_b`e]A57Qm36 5@H? E@ c]bTk^2m 2E J62C’D 6?5[ 3FE E92E’D DE:== 9:896C E92? k2 9C67lQ9EEADi^^HHH]7656C2=C6D6CG6]8@G^72BD^64@?@>J0`cc__]9E>Qm:ED E2C86E @7 aTk^2m]k^Am kAm“xE :D 5:77:4F=E E@ D2J H9:49 AC:46D H:== 72== 7:CDE[” D2JD s2H:E z65636[ 49:67 64@?@>:DE 2E E96 rC65:E &?:@? }2E:@?2= pDD@4:2E:@? Wr&}pX] “x?E6C6DE C2E6 :?4C62D6D E6?5 E@ D=@H 5@H? AC:46 :?4C62D6D…,2?5. E96C6 2C6 D6G6C2= 724E@CD E92E :>A24E AC:46D @7 8@@5D 2?5 D6CG:46D[ @E96C E92? C2E6D[ DF49 2D DFAA=J 2?5 56>2?5]”k^Am kAmk:>8 4=2DDlQD:K6\7F== HA\:>286\af`hd`Q DEJ=6lQH:5E9i fdTjQ DC4lQ9EEADi^^HHH]7@C36D]4@>^25G:D@C^HA\4@?E6?E^FA=@25D^a_aa^_d^vC2A9:40`]A?8Q H:5E9lQe__Q 96:89ElQbgeQ ^mk^AmkAmp>6C:42?D’ 4@?7:56?46 :? 3FJ:?8 3@E9 3:8\E:4<6E 2?5 9@FD69@=5 :E6>D C6>2:?D =@H] $:IEJ\@?6 A6C46?E @7 C6DA@?56?ED C6A@CE65 E96J’C6 =6DD 4@>7@CE23=6 >2<:?8 2 =2C86 AFC492D6[ DF49 2D 2 9@FD6 @C 42C[ E92? D:I >@?E9D AC:@C] p?5 dgT D2:5 E96J’C6 =6DD 4@>7@CE23=6 >2<:?8 9@FD69@=5 AFC492D6D 4@>A2C65 E@ D:I >@?E9D 28@]k^Am kAmqFE 4@>7@CE =6G6=D >2J 36 6G6? =@H6C 7@C D@>6 8C@FAD @7 A6@A=6]k^Am kAm%96 xAD@D DFCG6J D2H 2 ?@E23=6 5C@A :? 4@?DF>6C 4@?7:56?46 7@C CFC2= p>6C:42?D WE96:C @G6C2== 4@?7:56?46 5C@AA65 f A@:?ED E9:D H66<X[ ?@?\H9:E6 C6DA@?56?ED[ 2?5 A6@A=6 2865 dd E@ fc]k^Am kAm#646?E :?7=2E:@? 92D 925 2 k2 9C67lQ9EEADi^^HHH]43@]8@G^AF3=:42E:@?^dffhcQm8C62E6C :>A24E @? CFC2= 4@>>F?:E:6Dk^2m[ H9@ EC2G6= 7FCE96C E@ 2446DD 8@@5D 2?5 D6CG:46D 2?5 H9@ >2J 92G6 76H6C =@42= @AE:@?D 7@C D9@AA:?8]k^AmkAmp?5 D6?:@CD H9@ =:G6 @? 7:I65 :?4@>6D >2J 92G6 =6DD H:88=6 C@@> :? E96:C 3F586ED E@ 244@F?E 7@C 24C@DD\E96\3@2C5 AC:46 :?4C62D6D]k^Am kAmkDEC@?8m#625 >@C6i k2 9C67lQ9EEADi^^HHH]7@C36D]4@>^25G:D@C^A6CD@?2=\7:?2?46^:?7=2E:@?\7:?2?4:2=\2DD:DE2?46\D6?:@CD^nFE>0D@FC46lDJ?5U2>AjFE>0>65:F>lCDDU2>AjFE>042>A2:8?l=66Q C6=lQ?@7@==@HQmu:?2?4:2= #6D@FC46D %@ w6=A $6?:@CD sFC:?8 %:>6D ~7 x?7=2E:@?k^2mk^DEC@?8mk^Amk9am(:== !2?56>:4 $2G:?8D sCJ &A x7 x?7=2E:@? r@?E:?F6Dnk^9amkAm%9:CEJ\D6G6? A6C46?E @7 xAD@D C6DA@?56?ED D2:5 E96J’C6 D2G:?8 =6DD E92? FDF2=] %92E 8C@FA 92D 8C@H? 7@FC A6C46?E286 A@:?ED :? E96 A2DE >@?E9[ 2?5 D6G6? A@:?ED D:?46 y2?F2CJ]k^Am kAm$@ 72C[ :E 2AA62CD E92E D@>6 A6@A=6 92G6 366? 23=6 E@ H62E96C 9:89 :?7=2E:@? 3J 5:G6CE:?8 >@?6J E96J H@F=5 92G6 @E96CH:D6 D2G65 E@ 4@G6C 9:896C 4@DED]k^Am kAmk:>8 4=2DDlQD:K6\7F== HA\:>286\af`hdaQ DEJ=6lQH:5E9i fdTjQ DC4lQ9EEADi^^HHH]7@C36D]4@>^25G:D@C^HA\4@?E6?E^FA=@25D^a_aa^_d^vC2A9:40a]A?8Q H:5E9lQe__Q 96:89ElQbgeQ ^mk^Am kAm%96 k2 9C67lQ9EEADi^^7C65]DE=@F:D765]@C8^D6C:6D^!$p't#%QmA6CD@?2= D2G:?8D C2E6k^2m—9@H >F49 @7 E96:C 5:DA@D23=6 :?4@>6 p>6C:42?D 2C6 D2G:?8—H2D e]aT :? |2C49] %92E C2E6 9@G6C65 :? E96 fT E@ gT C2?86 E9C@F89@FE a_`h 367@C6 7=F4EF2E:?8 H:=5=J 2D H2G6D @7 8@G6C?>6?E 2:5 H6C6 5:DEC:3FE65]k^Am kAm%96 A6CD@?2= D2G:?8D C2E6 E6==D FD 9@H >F49 >@?6J A6@A=6 2C6 AFEE:?8 2H2J[ 3FE :E 5@6D?’E E6== FD 9@H >F49 A6@A=6 2C6 H:E95C2H:?8 7C@> E96:C 6I:DE:?8 D2G:?8D]k^AmkAm%96 =2E6DE xAD@D 52E2 D9@HD E92E abT @7 C6DA@?56?ED 2C6 5C2H:?8 7C@> D2G:?8D >@C6 E92? FDF2=[ 3FE E92E’D 366? 4@?D:DE6?E @G6C E96 A2DE D:I >@?E9D] x? 255:E:@?[ bfT 2C6 D2G:?8 =6DD E92? FDF2=]k^Am kAmrFCC6?E=J[ E96 ?F>36C @7 C6DA@?56?ED H9@ 2C6 A2J:?8 5@H? 563E =:<6 =@2?D @C 4C65:E 42C5D :D 2=D@ 4@?D:DE6?E[ H:E9 acT D2J:?8 E9:D H66< E92E E96J’C6 A2J:?8 =6DD E92? FDF2= E@H2C5 563E] %9:D >2C<6C 92D 9@G6C65 :? E96 =@H\E@\>:5 EH6?E:6D 7@C E96 A2DE D:I >@?E9D]k^Am kAm%96 u65 C2:D:?8 :?E6C6DE C2E6D E@ E2>A 5@H? :?7=2E:@? >2J =625 E@ 2? :?4C62D65 56A6?56?46 @? 563E 7@C >2?J p>6C:42?D[ 6DA64:2==J :7 DFAA=J 492:? D?28D AC6G6?E AC:46D 7C@> =6G6=:?8 @77 BF:4<=J]k^AmkAmpD :?E6C6DE C2E6D 8@ FA[ E96 4@DE @7 3@CC@H:?8 :?4C62D6D 7@C 4@?DF>6CD[ 6IA=2:?D r9C:D r2>A36==[ 49:67 DEC2E68:DE 2E 4@CA@C2E6 C:D< 4@?DF=E:?8 7:C> zC@==] x7 9@FD69@=5D 92G6 E@ EFC? E@ 4C65:E 42C5D @C @E96C 3@CC@H:?8 E@ 7:== 3F586E D9@CE72==D[ E96J’== 6?5 FA A2J:?8 >@C6 :?E6C6DE @? E96:C 32=2?46D]k^Am kAm“xE H:== 364@>6 >@C6 5:77:4F=E E@ A2J @77 4C65:E 42C5D[ H9:49 H:== G6CJ =:<6=J >62? E96 2G6C286 4@?DF>6C H:== 36 DEF4< A2J:?8 5@H? 563E 2?5 DECF88=:?8 E@ 3FJ E96 ?646DD2CJ 9@FD69@=5 DE2A=6D E96:C 72>:=J C6BF:C6D[” r2>A36== D2JD]k^Am kAmkDEC@?8m#625 >@C6i k2 9C67lQ9EEADi^^HHH]7@C36D]4@>^25G:D@C^:?G6DE:?8^H9J\:D\:?7=2E:@?\C:D:?8\C:89E\?@H^nFE>0D@FC46lDJ?5U2>AjFE>0>65:F>lCDDU2>AjFE>042>A2:8?l=66Q C6=lQ?@7@==@HQm(9J xD x?7=2E:@? #:D:?8 #:89E }@Hnk^2mk^DEC@?8mk^Amk9am(:== %96 y@3 |2C<6E $E2J w@E pD #2E6D #:D6nk^9amkAm%96 xAD@D ;@3D :?56I D:ED 2E ec W@FE @7 `__X E9:D H66<[ 2?5 E9@F89 :E C6>2:?D E96 9:896DE @7 E96 4@?7:56?46 42E68@C:6D :? E96 3:H66<=J EC24<6C[ ;@3D 4@?7:56?46 5C@AA65 a]c A@:?ED 7C@> EH@ H66<D 28@]k^Am kAmu@CEJ A6C46?E @7 C6DA@?56?ED D2:5 :E’D =:<6=J E96J[ 2 72>:=J >6>36C @C 7C:6?5 H:== =@D6 E96:C ;@3 :? E96 ?6IE D:I >@?E9D 5F6 E@ E96 64@?@>J[ FA 2 A@:?E 7C@> E96 =2DE DFCG6J]k^AmkAm&?6>A=@J>6?E :D 324< E@ AC6\A2?56>:4 =6G6=D[ 2?5 E96C6 2C6 4FCC6?E=J EH@ ;@3 @A6?:?8D 7@C 6G6CJ F?6>A=@J65 A6CD@? :? E96 4@F?ECJ[ 244@C5:?8 E@ q{$ 52E2] qFE C6:?:?8 :? :?7=2E:@? :D =:<6=J E@ 4@@= E96 9@E ;@3 >2C<6E]k^AmkAmx?4C62D65 :?E6C6DE C2E6D 2C6 =:<6=J E@ C65F46 9:C:?8[ 6IA=2:?D v:24@>@ $2?E2?86=@[ 64@?@>:DE 2E 9:C:?8 A=2E7@C> |@?DE6C] “pD 7:C>D 7246 9:896C 3@CC@H:?8 4@DED[ :E :D 6IA64E65 E92E E96J H:== 9:C6 =6DD] pD 4@?DF>6CD 7246 9:896C C2E6D[ :E :D 6IA64E65 E92E E96J H:== >@C6 56DA6C2E6=J ?665 >@?6J[ >62?:?8 E96J H:== 36 =6DD A:4<J 23@FE E96 ;@3D E96J E2<6[” 96 D2JD]k^Am kAmqFE 96 D2JD ?@E 6G6CJ@?6 H:== 766= E96 :>A24E @7 9:896C C2E6D E96 D2>6 H2J] pD E96 64@?@>J 25;FDED[ $2?E2?86=@ D2JD[ D@>6@?6 =@@<:?8 7@C 2 5C:G:?8 ;@3 H:E9 2 ?2E:@?2= ECF4<:?8 4@>A2?J >2J 92G6 2 >@C6 5:77:4F=E 6IA6C:6?46 ;@3 9F?E:?8 E92? 2 92:C5C6DD6C =@@<:?8 E@ H@C< 2E 2 =@42= D2=@?[ @C G:46\G6CD2]k^AmkAmkDEC@?8m$FCG6J >6E9@5@=@8Jik^DEC@?8m k6>mxAD@D[ H9:49 DFCG6J65 hb_ C6DA@?56?ED @?=:?6 @? |2J a 2?5 b[ a_aa[ AC@G:565 E96 C6DF=ED 6I4=FD:G6=J E@ u@C36D p5G:D@C] %96 DFCG6J :D 4@?5F4E65 H66<=J E@ EC24< 4@?DF>6C D6?E:>6?E @G6C E:>6[ FD:?8 2 D6C:6D @7 `` BF6DE:@?D E@ 56E6C>:?6 H96E96C 4@?DF>6CD 766= A@D:E:G6=J @C ?682E:G6=J 23@FE E96 4FCC6?E DE2E6 @7 E96 64@?@>J 2?5 H96C6 :E =@@<D E@ 36 8@:?8 :? E96 7FEFC6]k^6>mk^Am k9bm|@C6 7C@> u@C36D p5G:D@Ck^9bmkF=mk=:mk2 9C67lQ9EEADi^^HHH]7@C36D]4@>^25G:D@C^A6CD@?2=\7:?2?46^D2G6\>@?6J\@?\AC6D4C:AE:@?\5CF8D^nFE>0D@FC46lDJ?5U2>AjFE>0>65:F>lCDDU2>AjFE>042>A2:8?l=66Q C6=lQ?@7@==@HQm$ECF88=:?8 (:E9 !C6D4C:AE:@? r@DEDn %CJ %96D6 `_ #6D@FC46Dk^2mk^=:mk=:mk2 9C67lQ9EEADi^^HHH]7@C36D]4@>^25G:D@C^A6CD@?2=\7:?2?46^3:56?\DEF56?E\=@2?\7@C8:G6?6DD\C@253=@4<D^nFE>0D@FC46lDJ?5U2>AjFE>0>65:F>lCDDU2>AjFE>042>A2:8?l=66Q C6=lQ?@7@==@HQm(9J q:56? w2D?’E u@C8:G6? $EF56?E {@2?D *6Ek^2mk^=:mk=:mk2 9C67lQ9EEADi^^HHH]7@C36D]4@>^25G:D@C^A6CD@?2=\7:?2?46^8C@46CJ\D9@AA:?8\:?7=2E:@?^nFE>0D@FC46lDJ?5U2>AjFE>0>65:F>lCDDU2>AjFE>042>A2:8?l=66Q C6=lQ?@7@==@HQm(96? tG6CJE9:?8 xD |@C6 tIA6?D:G6[ xD xE tG6? !@DD:3=6 %@ $2G6 |@?6J ~? vC@46C:6Dnk^2mk^=:mk^F=m In this Series Check out some of this week's best money reads from experts: Updated Aug 18, 2022 Is cryptocurrency right for your 401(k)? | PennyWise podcast Updated May 7, 2022 Inflation Relief May Be On The Way, But Consumers Forced To Spend More Now Updated May 7, 2022 A Loved One Owes You Money. Now What? 6 updates Previous Next 0 Comments Love 0 Funny 0 Wow 0 Sad 0 Angry 0 Be the first to know Get local news delivered to your inbox! Sign up! * I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy. Related to this story Most Popular Update: Old Fort man killed in motorcycle crash on I-40 identified Highway patrol said the motorcylist was was speeding and passing vehicles recklessly. Mission Hospital McDowell recognizes 3 nurses for National Nurses Week “Our nurses are the backbone of the care we provide,” said Lee Higginbotham, CEO of Mission Hospital McDowell. Dual-threat QB Haynes King is Panthers' top undrafted free agent to watch The Carolina Panthers didn't completely pass up on the 2026 draft's quarterback class. Reports: NC Rep. Chuck Edwards under investigation for sexual harassment claims The reported investigation comes on the heels of a series of high-profile ethics investigations into Rep. Eric Swalwell, Rep. Tony Gonzales an… Marion man charged with burglary and kidnapping after woman held against her will in home He is charged with felony first-degree burglary and felony second-degree kidnapping.
Update: Old Fort man killed in motorcycle crash on I-40 identified Highway patrol said the motorcylist was was speeding and passing vehicles recklessly.
Mission Hospital McDowell recognizes 3 nurses for National Nurses Week “Our nurses are the backbone of the care we provide,” said Lee Higginbotham, CEO of Mission Hospital McDowell.
Dual-threat QB Haynes King is Panthers' top undrafted free agent to watch The Carolina Panthers didn't completely pass up on the 2026 draft's quarterback class.
Reports: NC Rep. Chuck Edwards under investigation for sexual harassment claims The reported investigation comes on the heels of a series of high-profile ethics investigations into Rep. Eric Swalwell, Rep. Tony Gonzales an…
Marion man charged with burglary and kidnapping after woman held against her will in home He is charged with felony first-degree burglary and felony second-degree kidnapping.