We're posting the Money Round-up a couple of days early this week. On Friday, look for the November issue of the SMI newsletter!
How the highest bond yields in 16 years could chill the hot U.S. economy (Wall Street Journal). Higher rates affect everything from consumer spending to business loans to government debt.
The American consumer is still on a spending spree — but that doesn't mean they're financially healthy (MarketWatch via Morningstar). Mounting expenses, too much debt, and rising interest rates are creating a triple whammy.
There's a reason this bull market feels so weird (James Mackintosh, Wall Street Journal). This narrow bull could be "nothing more than a very large bounce amid the bear market that began last year."
Bad returns in the market aren't always bad (Ben Carlson, A Wealth of Common Sense). "If you are just starting out as an investor, the best thing that could happen to you is a series of down markets."
What you'll pay for Medicare in 2024 (Kiplinger via Fidelity). Deductibles are up slightly, as are Part B premiums.
As mortgage rates hit 8%, home 'affordability is incredibly difficult,' economist says (CNBC). Related (from Business Insider): Home buyers are backing out of deals at the highest rate in a year as surging mortgage rates slam the housing market
How much life insurance do you need? (Kiplinger). Debt-free empty nesters have different life insurance needs than a family with young children and a mortgage.
Taking charge (Jonathan Clements, Humble Dollar). To sleep at night and avoid panicky financial decisions, "make peace with the world's uncertainty."
Generosity is an act of worship (Art Rainer via FaithFi). If you think the offering time at church is just an intermission between the "essential" elements of a worship service, you're missing the point.
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