President Joe Biden and his administration recently passed legislation that prioritizes clean and renewable energy instead of fossil fuels and older forms of energy.
The Federal Reserve recently said that mortgage rates will once again rise, resulting in a drastic rise in rates in Michigan and around the rest of the country.
In recent months Critical Race Theory, or CRT, a viewpoint that says discussing and learning about history can't be done without acknowledging race, has become the hottest political topic aside from gun control and abortion.
In its quarterly BMO Real Financial Progress Index, which is designed to capture Americans' current financial sentiment, BMO Harris Bank says that inflation and rising costs could put retirement plans on hold for up to a quarter of Michigan residents. Paul Dilda, Head of Consumer Strategy for BMO Harris, said, "Inflation and rising consumer costs are severely affecting Americans' financial situations, and according to recent index results from BMO Harris Bank, in addition to altering their spending habits, Americans need to alter their saving habits too.