Inflation Is Cooling, But Many Households Still Feel the Pinch, The True Cost of Teen Driving & New Social Security Website

Welcome to the⁠⁠⁠⁠⁠⁠ ⁠ @plannedsolutions ⁠ ⁠⁠⁠⁠⁠⁠Incorporated Podcast. In this episode, we discuss the rate at which prices were increasing has eased but many households are still feeling the pinch from inflation. One of the factors that explains why some households are feeling more of the pinch than others is that inflation has not been evenly distributed across all goods and services. Instead, certain categories have experienced higher inflation than others so the mix of a given household's normal spending will have a big impact on their individual inflation rate. Also, The costs of adding a teen driver are often far more than most parents anticipate. There are the obvious costs of an additional vehicle, higher insurance premiums, and increased fuel costs. However, there are also the higher costs that often come with the increased freedom that teens can enjoy when they are able to drive themselves. These include higher household food, entertainment, and shopping expenses. As well, The Social Security Administration is updating its website which will require long-time users who registered under the old system to update their accounts. Setting up access to a Social Security account before it is needed is good policy as other forms of accessing Social Security information, such as calling or visiting a local office, can lead to long delays in accessing information that may be needed to file for benefits or file tax returns. Plus a look at the Planned Solutions Incorporated Office Bulletin Board - The Harlan D. Wood and Debbie Druivenga Memorial Cancer Charity Golf Tournament Date: Friday, October 11, 2024 Location: Rancho Murieta Country Club – North Course 7000 Alameda Drive Rancho Murieta, CA 95683 Time: 1:00pm shotgun start, 5:30pm dinner You can register by visiting: https://www.eventcreate.com/e/plannedsolutionsgolftournament2024 All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the dinner. To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail ⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠ The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action. Chase Armer's book- Financial Planning Insights is now available at: ⁠⁠⁠⁠⁠⁠⁠https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb⁠⁠⁠⁠⁠⁠ Intro 00:00 Inflation Is Cooling, But Many Households Still Feel the Pinch 01:55 The True Cost of Teen Driving 09:58 New Social Security Website 15:44 Bulletin Board 18:48 Planned Solutions, Inc. ⁠⁠⁠⁠⁠⁠https://www.plannedsolutions.com/⁠⁠⁠