Inflation is pinching households, but their finances are strong

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Your Money

Inflation is melting away the value of household paychecks. Even so, household finances are as strong overall as they’ve been in decades, thanks to money saved during the pandemic, debt paid off over the past decade, and a strong job market.

More than two-thirds of U.S. economic activity is tied to household spending. Rising costs are changing the spending plans of some who had saved during the pandemic. Home purchases have been delayed, celebrations scaled back, and some luxury purchases scrapped altogether. Economists say the outlook for consumer spending depends heavily on whether the nation’s inflation fever recedes.

People really hate inflation, and consumer sentiment is deeply depressed. Still, how people say they feel doesn’t always align with what they’ll do.

People Have Money but Feel Glum—What Does That Mean for the Economy?
by Jon Hilsenrath

Your Life

Ever heard of glamping? It is basically an upscale version of camping where you have more luxury-type amenities in a camping-type environment. Enter a website called Glamping Hub. Like VRBO and AirBnBs, this website helps you find and book outdoor accommodations anywhere in the world. So say goodbye to pitching tents, eating campfire hotdogs, suboptimal sleeping comfort, and sharing a common bath house. Be forewarned, while old-fashioned camping was super cheap, you can expect to pay $1K or more per night for the most luxurious accommodations such as a two-story treehouse nestled in the woods next to a pristine lake or the Atacama Desert in Chile.

19,000+ Unique Outdoor Accommodations Ready to Book
source: Glamping Hub

Complexity Simplified

Keeping in the same spirit at this week’s YourLife article, here’s a website of the 10 most luxurious glamping sites around the world to inspire your glamping planning.

Top 10 most luxurious glamping sites around the world
source: The Luxury Travel Expert


A: Saturn and Jupiter
Q: Saudi Arabia imports camels from what country?

Back in 1953, this song reached #1

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