August CPI, Tax Increases & a Deep Dive on 2020 Consumer Spending

This week, I’ve got 3 major financial headlines for you…

First, August 2021 Consumer Price Index released last week showed inflation still at levels far beyond Fed's long-term target
Next, House Democrats put forward are pushing forward with their proposed tax increases to fund their massive spending bill... and the market didn't like it too much
And third, another factor weighing on the market, the potential default of the most indebebted property developer in the world (and the second largest developer in China), Evergrande

… after that, this week’s Deep Dive is digs into the 2020 Consumer Expenditure Survey, just released by the Bureau of Labor Statistics. What does it tell us about how the recession and pandemic impacted consumer spending and incomes last year? And what does the average family budget actually look like.

___________________

This week's episode is brought to you by - Honest History Magazine: https://honesthistorymag.com/?ref=financemom

___________________

For more on this week's headlines: https://familyfinancemom.com/monday-market-update-9-20-2021/

For more on the 2020 Average Family Budget: https://familyfinancemom.com/average-family-budget/

Follow Family Finance Mom everywhere...

Instagram: https://www.instagram.com/familyfinancemom/

Twitter: https://twitter.com/financemom1

Facebook: https://www.facebook.com/familyfinancemom

Get weekly newsletter here: http://eepurl.com/gblbY9