Category: Economy

Every election cycle, Americans hear a familiar promise: tax the rich and the nation's fiscal problems will be solved. The argument is simple and emotionally appealing. Billionaires have accumulated enormous wealth, millionaires continue to prosper, and many Americans believe the...
The United States has operated with budget deficits for many years, but the pace at which federal debt has grown over the last several years has raised concerns among economists, policymakers, and retirees alike. In simple terms, a budget deficit...
For years Americans were told inflation was “temporary.” Then they were told inflation was “coming down.” But for most families standing in the grocery aisle, shopping for clothes, or making a car payment, the reality feels very different. The reason...

By Donald Albach Presidential election years act as a crucible of anticipation and uncertainty for investors, prompting a meticulous examination of historical market performance. Understanding how various asset classes, including bonds and real estate, have weathered these pivotal years provides...

In 1960, a gallon of conventional whole milk was 31 cents, and today it’s $4.21 on average.[1] A few dollars might not seem like much, but that’s a 1,258% increase! Now that we’re seeing high inflation, the buying power of...

Inflation and a Gallon of Milk Millstone Financial

We feel that there’s no doubt that people have been feeling the effects of inflation on their wallets. Everything from food to gas to home repair products seems to be increasing every day. Federal Reserve Chairman, Jerome Powell, is taking...

Inflation Finds its Way to Your Wallet Millstone Financial

If your weekly grocery bill is noticeably higher or you can’t believe how expensive gas is, you’re not alone. Inflation is at 40-year highs,[1] and a recent poll found that 52% of Americans said the most important issue facing the...

Inflation Presents Unique Risks – Know How You’ll Respond Millstone Financial

Did you ever hear your parents or grandparents talk about how much less everything used to cost? They weren’t exaggerating – in 1960, a gallon of conventional whole milk was 31 cents, and today it’s $3.77 on average.[1] A few...

You Can’t Stop Inflation, But You Can Prepare Millstone Financial

The Federal Reserve voted to raise interest rates for the first time since 2018 and has several more rate hikes planned for this year.[1] Rising interest rates can have significant effects on the economy and your finances. Between a volatile...

Rising Interest Rates and High Inflation – How Will You Respond? Millstone Financial

As we saw during the COVID-19 pandemic, what happens somewhere halfway around the world can have a major impact on us. Now, the global economy faces new threats as a result of Russia’s invasion of Ukraine, including spiking energy prices,...

Why We Could See More Inflation and Market Volatility Millstone Financial