Author: Medora Lee, USA TODAY

Annuities sales surged in the second quarter as investors took advantage of higher interest rates and sought protection from market volatility,

With inflation at a 40-year high, social security could see a 10.5% cost-of-living adjustment in 2023, but even that may not bring much relief.

Consumer prices accelerated 9.1% in June. This could mean a giant rate hike ahead and trouble for the economy, stocks and bonds, and consumer debt.

San Francisco started college funds for kindergartners in 2011 to give kids a goal. Now, cities nationwide have followed, with Atlanta as the latest.

Billionaire Elon Musk says he’s terminating his deal to buy Twitter because the company has failed to address his concerns over spam accounts.

Short-term debt yields rose above ones on longer-term notes before each recession since 1955. That’s why this week’s yield curve inversion’s worrying.

Crypto users remain optimistic despite the recent price plunge, according to a Morning Consult survey. They still like the future of digital assets.

Consumers should get used to paying higher prices. If inflation eases, that just means prices aren’t rising as fast but they’re still rising.

Soaring inflation is painful for everyone, but more so for Blacks and Hispanics, who tend to spend more in high inflation categories, a study says.

Consumers cutting spending faster than expected due to inflation sends alarm bells about the economy. Some now see recession sooner rather than later.