Can the Senate’s new legislation actually cut inflation? The ratings agencies Fitch and Moody’s offer their predictions for the Inflation Reduction Act. Warren Buffet says you can avoid the biggest investing mistake. He identifies it and shares his advice with MarketWatch. Skipping travel insurance can be the right choice. But not always, as Emma Patch explains for Kiplinger.

Ratings Agencies Expect U.S. Spending Bill To Cut Inflation, Deficit Over Time —  A sweeping bill passed by the U.S. Senate on Sunday and intended to fight climate change, lower drug prices and raise some corporate taxes, will bring down inflation over the medium to long term. It will also cut the deficit, rating agencies Moody’s Investors service and Fitch Ratings told Reuters on Monday. Read more…

Warren Buffet Says This Is The Biggest Mistake People Make With Their Money — In a speech to college students, Buffett noted that the “biggest mistake” is “not learning the habit of saving properly.” He also noted that “most behavior is habitual” and that “they say that the chains of habit are too light to be felt until they are too heavy to be broken.” He explains how to acquire the right habits. Read more…

When Is Travel Insurance Worth It? — Now that Americans returning to the U.S. from abroad are no longer required to test for COVID-19 before boarding a plane, you might be wondering whether to pay up to insure your trip. Travel insurance often seems like an unnecessary cost, particularly when fares are refundable or you don’t have to pay a change fee. But there are situations when you must have it, as well as times when it’s not required but is worth paying for. Read more…

 

John R. Day, Bill Ennis, and Matt Heller

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