I read some predictions in the August 25 Kiplinger Letter which I thought might interest you.

  • Energy prices are on the rise. Crude oil is expected to increase “a few dollars a barrel”.  Natural gas could increase as much as 10% and electricity about 2%.
  • Employers can expect to pay an additional 4% for health insurance while prescription drugs could increase by 10.3%.  This is actually down from the 11.6% increase in 2017!
  • Airfares and freight costs will increase by about 2%. Hotels up about 2.2% and car rentals by 3%.
  • UPS and Fed Ex are expected to increase their rates by 3-5%.

So is anything expected to decrease in cost?  YES! Technology and telecom costs will continue to slide; smartphone, tablets, PC’s and printers may decrease by as much as 10%!

As Wall Street reaches new highs, hopefully it will provide a means for you to handle the higher prices.

Barbara A. Culver
CFP®, ChFC®, CLU, AEP®
Resonate, Inc.
(513) 605-2500