Stat of the Day 12.6%: How much car rental prices dropped from June 2021 to June 2022, according to Business Insider. Vehicle rental prices could decline even further as we exit the high-demand summer months.
Survey Results! This week, we asked what one item has caused your wallet the most pain during this time of inflation and why? Here are a few of the submissions we received:
Callie in Missouri: "I drive for Instacart. So gas prices have hit me really hard! Some days I'm not sure if it's worth it to go out and work. I have to be very picky about the jobs I accept. Gas prices have really cut into my profits."
Terri in Missouri: "Food prices. My husband and I have our two college student sons living with us and food prices have gone up tremendously. Our grocery bill has nearly doubled per week."
Rose in Florida: "My rent on my one-bedroom apartment went up $390 a month. I'm now living paycheck to paycheck."
Brenda in Indiana: "Property taxes. We downsized into a small retirement home. Because of inflated home values, we're now paying more in property taxes than we did in the four-bedroom, 4,000-square-foot family home that we left. Not what we had budgeted for in our retirement years."
Sherrill in Georgia: "Car prices. I decided against my first choice because I couldn't afford the monthly payments. I'm now driving a car that doesn't match my desired features and I'm still paying more monthly than I'd like to pay."
Car Loan Warning Clark covers several car and transportation trends. First, there's bad news about repossessions that you need to know right now. Next, he dives into the ways we can actually benefit in this crazy car marketplace.
