USA finance and payments live updates: Bitcoin drops, $400 monthly check car owners, Child Tax Credit 2022, S.S. disability…

Headlines: 15 May 2022

– Senior Citizens League predicts a COLA rise of 8.6% for Social Security recipients in 2023.

Perigo CEO says baby formula shortage could last the rest of the year. What has the White House said?

– Bitcoin falls below $30,000 what is causing the crypto-collapse?

Russia’s currency, the ruble, is one of three that made gains against the US dollar this year,  in spite of sanctions.

California governor Gavin Newsom releases new proposal that includes the sending of gas stimulus checks to the state’s residents.

Average price for gallon of gas in US inches up further, $4.43 on Friday.

Inflation increased 0.3 percent in April, for a year over year increase of 8.3%.

– US 30-year fixed mortgage rate rises to 5.3% according to St Louis Fed, increased rate could cool house price rise.

Helpful information and links

– What is the average retirement income for a single person?

– How long does it take for a SNAP application to be approved?

– Pros and cons of a 30-year or 20-year mortgage for home purchases

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