How much should retirees worry about inflation?

August 22, 2026

Inflation can be scary for retirees. True, Social Security provides inflation increases in line with the consumer price index, or CPI. But any portfolio income, save allocations to inflation-protected bonds, isn’t inherently inflation-protected. And if inflation occurs early in your retirement, those higher prices will do more damage throughout retirement, potentially jeopardizing your portfolio’s ability to last. To gauge your inflation risk and how strenuously you need to defend against it, ask yourself three questions. 1. Where are you spending? You may not have stopped to ...

Business briefs

August 22, 2026

SERVICE RECOGNIZED: Ginny Pasha, a program ambassador with YBI, has announced her retirement after more than 40 years of nonprofit leadership. Pasha joined YBI in 2022. “In joining YBI, I was given the privilege of working with really smart people and introducing YBI to those who are unaware of the breadth and depth of YBI and our impact,” Pasha said. Pasha’s nonprofit career began with Junior Achievement, where the focus was on education. She then worked at the state level for the Jobs for Ohio’s Graduates program, where the focus expanded into health and human ...

Flight attendants and pilots have highest risk of dying from radiation-linked cancers, study says

August 22, 2026

NEW YORK (AP) — Flight attendants and pilots are at the highest risk of dying from radiation-related cancers — even more than people who work with radioactive materials, according to a new study. Cosmic radiation comes from space. Only a small amount reaches the Earth’s surface, but ...

Boxy Jeep Grand Wagoneer has it all

August 22, 2026

To make its Jeep Grand Wagoneer more competitive in the premium luxury SUV segment, the company dropped 2026 prices by up to $18,000. It’s part of a mid-year refresh that, among other things, deleted all chrome moldings throughout its nearly 19-foot length. It seats up to eight in three rows depending on seat configuration and has a massive cargo hold with all three rows in their upright and power reclining position. Aimed squarely at the Cadillac Escalade and Lincoln Navigator ultra luxury segment, the Jeep is a worthy competitor although it lacks longevity. Available in six ...

‘Many’ Fed officials think higher rates will be needed if inflation stays high

August 21, 2026

WASHINGTON — Many Federal Reserve officials think the central bank will have to lift its key short-term interest rate in the coming months if inflation doesn’t subside, minutes of the Fed’s meeting last month showed. The minutes of the July 28-29 meeting, released Wednesday, don’t provide specifics on how many of the 19 officials supported higher rates. Only 12 of the 19 policymakers vote on the outcome. Officials voted 9-3 at the meeting to keep their key rate unchanged at about 3.6%. Inflation has since showed some signs of cooling, though gas prices have rebounded this ...

The bond market swings back to worries and knocks US stocks lower

August 21, 2026

NEW YORK (AP) — The relief that swept the bond market just a day earlier disappeared on Thursday as oil prices, worries about high inflation and the U.S. government’s debt kept rising. That helped knock the U.S. stock market to its worst day in three weeks, and Walmart led the way on concerns about its upcoming profits. The S&P 500 fell 0.9% for its fourth loss in the five days since setting its all-time high last week. The Dow Jones Industrial Average dropped 703 points, or 1.3%, and the Nasdaq composite sank 1%. The bond market remains the center of the action after yields ...