09.21.22 Breaking Inflation / Moving & Homeowners Insurance ALERT

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 21 September 2022

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

The average American is spending around $15 more a day - all things being equal vs. a year ago. Clark updates the economic lay of the land including housing, gasoline, service businesses and jobs - in global context as we endure inflation rotation. Also, if you’re considering moving, there are new considerations that are absolutely vital now. Homeowners insurance has become a complete wildcard. Clark has MUST DO advice before you buy in an area new to you. Inflation Update: Segment 1 Ask Clark: Segment 2 DON’T MOVE Without Knowing This: Segment 3 Ask Clark: Segment 4 Mentioned on the show: 4 Ways To Get Your Free Credit Score Report: The Most Reliable Car Brands NYTimes.com: As Wildfires Grow, Millions of Homes Are Being Built in Harm’s Way These maps show how climate change affects your city in real time—and what will happen in the future Insurance Archives - Clark Howard Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's my pleasure to welcome you to the Clark Howard Show.
0:07.8	Our mission is to serve you and empower you to make better financial decisions in your
0:13.4	life.
0:14.4	Today, an update on how inflation is eating at your life and your wallet.
0:22.6	What's going on with the housing market, the job market?
0:26.6	So lots of people have been moving recently, some to other states for more affordable
0:32.8	living.
0:34.8	There's a significant danger moving to a place that's unfamiliar to you.
0:39.3	I have an important warning for you before you sign the sales contract.
0:47.1	So I've been reading a lot of the economic data, I mean constantly because I know front
0:54.5	of mind for you and a wall of worries is how you go shopping at the supermarket and
1:02.8	it seems like every month it's more money than the month before for gross reasons.
1:07.0	It seems like because that has been the case.
1:11.8	The average American is having to spend $15 more a day for the same quality of life
1:24.5	as a year ago today, approximately $15 a day.
1:31.2	I mean that is a significant and real and strong burden.
1:38.8	We're going through a rotation with inflation.
1:44.3	Why are the things that really were engines of inflation have settled down?
1:51.2	The goods-based inflation overwhelmingly has been squeezed out.
1:58.5	Things stuff, a place to live, housing prices that went up, up and away whether for purchase
2:06.6	or rental, that has now changed.
2:12.2	And there are a small number of markets that housing costs have gone down somewhere around
	...

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