Local grocery stores continue to cut prices of food

Thousands of local grocery stores, including Krogers, Safeway, Wegmans and Publix are actively reducing their prices and/or are holding more weekly sales. There are two main reasons they are doing this, but the biggest one is due to increasing competition from non-traditional retailers including Amazon and Wal-Mart. Another reason that prices are going down is due to deflation in many different food categories. No matter the reason, increased competition and lower prices is good news for consumers.

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Trump budget hurts the working poor

The budget proposed by Donald Trump would have a major impact on the assistance programs that the working poor and many other hard-working Americans depend on, many of who voted for Trump. While it it very early in the process, and many things may change over the next several months, the bottom line is that many programs that are being used by Americans who are living paycheck to paycheck could be slashed.

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Record credit card debt as interest rates increase

Here we go again. It is expected that Americans will have a record amount of credit card debt at the end of the first quarter of 2017. This is arguably the worst possible time to be in any type short term, revolving unsecured debt as the federal reserve is expected to continue to increase short term interest rates multiple times throughout the year, which will directly impact consumer interest rates as well as costs.

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Are we at full employment?

Since January 2009 through February 2017 the United States has created over 9.5 million jobs per Bureau of Labor Statistics data, and now a major risk is that the nation is at full employment. Why is this a risk? As if there are no more people able (or willing to work), history shows us that this is when inflation can start to flare.

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