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Personal Finance Daily: What 8.6% inflation looks like for the average grocery shopper and luxury home sales plunge by nearly 18%, the biggest drop since the start of the pandemic


Hi, MarketWatchers. Don’t miss these top stories.

Can’t afford a vacation home? Consider sharing one

Have you ever thought about buying a second home but can’t afford one? Escape Home contributor Timothy Harper shares his story of co-owning a lake house. Read More

What 8.6% inflation looks like for the average grocery shopper — bacon is over $7 a pound, cookies are up 49 cents

Food was one big driver of price increases in the closely-watched consumer price index Read More

Even wealthy buyers are feeling the heat: Luxury home sales plunge by nearly 18%, the biggest drop since the start of the pandemic

The decline in luxury sales was led by Nassau County in New York, followed by Oakland and Dallas, according to data from Redfin. Read More

Weekend reads: New ideas for retirement planning and enjoying financial freedom

Also, inflation, oil prices and energy stocks, Target and the rest of retail and how to protect your money from nursing homes. Read More

The wild, hair-raising ride of a rookie investor who battled NFT hackers and dodged the crypto crash. ‘The question every trader has is — when do you sell?’

‘My $25,000 ballooned to $63,000 super-fast. I was like, ‘OMG, this is amazing.’” Read More

We underestimate our monthly subscription costs by $133: Money ‘that’s no longer available for other goals, such as retirement savings, paying down debt or an emergency fund’

Gen Zers were the most likely to report paying for a subscription even after they had forgotten about it, and baby boomers were the least likely, a recent survey found. Read More

How does a car park itself, and which models offer self-parking?

Basic versions of self-parking tech come on some relatively inexpensive vehicles, and a few systems don’t need the driver to be at the wheel. Read More

Prepare yourself: ‘The U.S. housing market is at the beginning stages of the most significant contraction in activity since 2006’

The housing sector is in the midst of the biggest slowdown in over a decade, one economist says. But don’t expect prices to fall yet either. Read More

As gas prices hit $5 per gallon, IRS makes mileage deduction for fuel costs more generous in rare midyear move

The optional standard mileage rate for business-related driving is increasing to 62.5 cents per mile, starting in July. Read More

Climate-change warning: Microplastics found in fresh snow in the world’s most remote place

Scientists have for the first time found microplastics — tiny particles that can be ingested — in freshly fallen Antarctic snow. Read More

Elon Musk Recommends Investing In ‘Physical Things’ – Here Are 3 Physical Assets That Perform Well During High Inflation

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