The goal of a nation’s retirement program should be to give retired persons a guaranteed and manageable amount of income for life, thereby ensuring their financial security. Unfortunately, not all nations achieve that standard, and some fall short more than others. According to MoneyTransfers.com, Canada and Germany are among the countries with the most insufficient […]
The inflation in the country with the biggest oil reserves in the world dropped from 11.4% in June to 7.5% in July, data released on Monday by the national bank show, Reuters reported. In June, inflation raised concern, topping double digits after nine months below 10%. President Nicolas Maduro’s administration was prompted to enforce policies […]
“Elevated” spreads and sauces and personalized coffees are only two examples of how companies like Starbucks and Kraft Heinz are wagering on premium products to the delight of consumers. Trading down to premium This seems perplexing at first. Consumers are experiencing the biggest inflation in decades, but the food giants are focusing on their pricier […]
The UK economy shrunk in the second quarter of this year as the cost of living began to bite, CNBC wrote. On Thursday, the Office for National Statistics (ONS) published official figures, showing that the gross domestic product (GDP) contracted by 0.1% compared to the first quarter y/y, which was still lower than the 0.3% […]
The US government announced there was no inflation in July, but it could be too soon to get happy because rents show little sign of slowing down according to MarketWatch columnist Rex Nutting. Gas prices dropped in July, compensating major increases in food and shelter prices. Due to this, the consumer price index remained unchanged. […]
A study by the Office for National Statistics recently revealed that around one in four adults are eating less meat in order to save money. With a great deal of food items seeing sharp increases in price, however, MoneyTransfers.com has investigated the typical price of meat and meat replacements in the UK to assess just […]
Investors shouldn’t chase recent stock and bond rallies considering the current economic uncertainty according to Francois Savary, chief investment officer at Swiss asset manager Prime Partners. He told CNBC in an interview that factors like the Ukraine war and pandemic recovery are making it very hard to have clear economic visibility. Savary told CNBC’s “Street […]
Knowing the cost of living by country can be a huge decision-making factor for finding a new home in another country. A high cost of living often directly impacts the quality of life a person experiences in a specific country. However, there’s more to calculating the cost of living than most people realize. To calculate […]
Living in states with no income tax can help reduce the cost of living for people throughout the US. The lowest tax states are some of the most popular in America, as most people are constantly searching for ways to reduce their tax burden. Currently, there are only 7 states without a state income tax […]
The National Health Service (NHS) may be the UK public’s single greatest point of pride. But a series of recent reports have shed damning light on the reality of British health outcomes under this system. MoneyTransfers.com has collated this research, finding evidence that a combination of overspending on healthcare and underperforming on healthcare performance threatens […]