3 tips for saving money in 2023 amid rising costs of living
CBSN
Given the inflationary hellscape of 2022, it comes as no surprise that saving money is one of the most popular New Year's resolutions among Americans heading into 2023.
Americans have seen their buying power shrink this year as the cost of everyday items such as gas, travel, groceries and housing has skyrocketed. Despite ongoing efforts from the Fed to tame it, inflation has continued to climb month after month throughout 2022, with prices peaking in the summer before declining gradually into November.
Nearly 60% of respondents in a survey from tech market research firm Numerator said they plan on saving more money next year. Respondents said they're prioritizing saving because they're worried about how inflation and a possible recession could impact their wallet.
President Biden on Monday signed into law a defense bill that authorizes significant pay raises for junior enlisted service members, aims to counter China's growing power and boosts overall military spending to $895 billion despite his objections to language stripping coverage of transgender medical treatments for children in military families.
It's Christmas Eve, and Santa Claus is suiting up for his annual voyage from the North Pole to households around the world. In keeping with decades of tradition, the North American Aerospace Command, or NORAD, will once again track Santa's journey to deliver gifts to children before Christmas 2024, using an official map that's updated consistently to show where he is right now.
An anti-money laundering law called the Corporate Transparency Act, or CTA, appears to have been given new life after an appeals court on Monday determined its rules can be enforced as the case proceeds. The law requires small business owners to register with the Financial Crimes Enforcement Network, or FinCEN, by Jan. 1, or potentially pay fines of up to $10,000.