The annual core inflation rate is 6.3% for the 12 months ended October 2022, the U.S. Labor Department reported Nov. 10, 2022. The core rate marks a slowing from the previous 6.6% level, which was the largest since August 1982.

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What percent of Americans have 5000 in savings?

58% of Americans have less than $5,000 in savings.

Average savings amount Share of Americans

$5,000-$10,000 9%

$10,000-$25,000 8%

$25,000-$50,000 5%

$50,000+ 20%

What can I do with excess cash savings?

What to do with extra cash

Pay off debt. If you have a significant amount of debt, consider putting your

extra money toward paying that down or off. …

Boost your emergency fund. …

Increase your investment contributions. …

Invest in yourself. …

Consider the timing. …

Go ahead and treat yourself.

What is 24% APR on a credit card?

A 24% APR on a credit card is another way of saying that the interest you’re

charged over 12 months is equal to roughly 24% of your balance. For example, if

the APR is 24% and you carry a $1,000 balance for a year, you would owe around

$236.71 in interest by the end of that year

What is core inflation vs inflation?

Image result for core inflation

One common way economists use inflation data is by looking at “core

inflation,” which is generally defined as a chosen measure of inflation

(e.g., the Consumer Price Index or CPI, the Personal Consumption Expenditures

Price Index or PCEPI, or the Gross Domestic Product Deflator) that excludes

the more volatile.

What are the 7 types of inflation?
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Types of Inflation

Demand Pull Inflation.

Cost-Push Inflation.

Open Inflation.

Repressed Inflation.


Creeping and Moderate Inflation.

True Inflation.

What are the components of core inflation?

The core inflation rate is the price change of goods and services minus

food and energy.

THE LABOR FORCE PATICIPATION RATE, or the percentage of working-age adults who have

a job, fell to 62.1% last month, a 0.3-percentage point drop from August. And that

remains a far cry from the pre-pandemic rate of 63.4%, which signals that the labor

market is far from fully recovered. Yes, we have December 4, 2022 two jobs for the

6.2 million unemployed people. The solution us to expand Job Corp. This is a government

free training program for 16 years old to 24. Increase the age from16 to 32 years of

age. Our business can only train a few people at a time and not in skill area. The

budget for the Job Corp is less than 2 billion dollars. Double it to 4 billion.

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