We’ve made it to the day before Thanksgiving! Thanksgiving every year tends to kick off the holiday season for a lot of people. I wanted to use this as a reminder to spend wisely over the next few months. As one of the articles below outlines, you don’t want to be digging yourself into debt!
Here’s what I’ve been reading this morning:
‘How Inflation is Driving the Stock Market’ – Ben Carlson – A Wealth of Common Sense
- Inflation is impacting a ton of different industries throughout the economy, but it is also having an impact on the stock market. When it comes to growth vs. value stocks, Ben takes a look at how inflation may be playing a part.
‘More Than 1 in 3 U.S. Adults Carry Medical Debt’ – Kate Dore – CNBC
- In the financial world, there are good kinds of debt and bad kinds of debt. Medical debt is likely to fall under the “bad kind of debt” category. This article outlines how a growing number of Americans find themselves with medical debt balances.
‘U.S. Households Increased Spending in October’ – Sarah Chaney Cambon – The Wall Street Journal
- Both personal spending and income increased in October 2021, up 1.3% and 0.5% respectively. This article takes a look at how the holiday season is poised to continue helping the economic recovery from the pandemic.
‘Heading into Black Friday, 1 in 3 Shoppers are Still Paying Off Last Year’s Holiday Debt’ – Jessica Dickler – CNBC
- Between inflation and supply shortages, some shoppers are needing to spend extra this year to get what they want. However, this articles shows that a large portion of individuals are still paying down debt from LAST year. Not good.