Here’s why you need an emergency fund | Consumer Reports
From inflation to unemployment, to worries about being unable to work because of an illness, having an emergency fund can help smooth out life’s financial hits ... this is why starting one may not be as hard as you think.
Roanoke consignment sale aims to help families struggling with inflation
One of the largest consignment sales in Southwest Virginia has kicked off, and at a time where many people’s budgets are stretched thin, organizers of the LFA Kids Consignment sale are expecting a big crowd.
What would a recession look like? Local experts weigh in on potential recession in 2023
In an attempt to cool the U.S. economy, the Federal Reserve raised interest rates again this week, with no signs of relief until 2024. On Friday, inflation clocked in at 7.1 percent.
Gas prices drop, inflation still impacting families in Southwest, Central Virginia
Gas prices are dropping in the Commonwealth, but some families are still struggling to make ends meet due to inflation.
Bills or meals: High grocery costs continue to impact families in Southwest Virginia
Whether it’s dinner for one or you’re feeding a family of six, the cost of groceries is hitting families hard, forcing them to make changes.
‘Effective solutions:’ Virginia Education Association addresses teacher shortages
On Thursday, Governor Youngkin signed an Executive Directive to address those shortages. But some of the ideas set forth in the Directive did not offer serious investments that would move the needle on the issue, according to the President of the Virginia Education Association.
Amherst County leaders hold off on decision to give employees a pay increase
Leaders recently discussed salary studies, which compare jobs to other localities, but Amherst County Administrator Dean Rodgers said many positions were not included in the survey, so leaders could not tell if those employees are below market average.
Blacksburg launches $4M program for affordable housing
On Monday, the Town of Blacksburg announced the Affordable Housing Development Fund to combat the growing deficit of all housing types, especially those available to low to moderate-income households.
Students feel the pressure of inflation as the school year approaches
Later this week, thousands of college students will be moving in and making new homes in dorms on Virginia Tech’s campus. But in a time of high economic uncertainty and high inflation, it leaves parents and students to pick up the extra cost.
Back-to-school shopping expected to cost over $500 due to inflation, experts say
Getting ready for the first day of school could be expensive this year with inflation hitting supplies, clothes, food, and more.
Lynchburg economics professor explains how the Fed interest rate hike could impact you
University of Lynchburg economics professor, Gerald Prante, said this most recent interest rate hike is expected to slow the economy down.
Federal Reserve raises interest prices by three-fourths of a point
The Federal ReserveThe federal government is taking steps to heal the economy, as prices for everyday necessities continue to rise. raised interest prices for the third time this year on Wednesday.
Highest inflation rate in over 40 decades impacts everything from groceries to housing
Prices are going up for clothing, housing, and utilities too, but it could be an opportunity to reevaluate what’s important when it comes to purchases.
Virginia Senate has mixed reactions to Governor’s proposed gas tax holiday
Relief at the pump is the goal for one of Gov. Glenn Youngkin’s 38 amendments to Virginia’s two-year state budget. He’s still pushing for a three month gas tax holiday.
Impact of inflation could force Salvation Army of Lynchburg to cut programs
The Salvation Army of Lynchburg is usually there to support residents in need -- but now the organization is the one pleading for your support.
WATCH: Pres. Biden meets with Fed chair to discuss global economy, inflation
President Joe Biden met with Federal Reserve Chairman Jerome Powell to discuss the state of the global economy and inflation on Tuesday afternoon.
Family-owned Market at Main restaurant announces expansion in Lynchburg
While many restaurants have been forced to close due to the COVID-19 pandemic, staffing shortages and inflation, one Lynchburg business is expanding.
AAA: Despite high prices at the pump, summer travel expected to rise this year
Dr. Alice Kassens, Economics Professor at Roanoke College, says many factors are to blame for inflation and there is no clear end in sight, especially if you’re expected pre-pandemic prices.
Virginia Sen. Mark Warner says ‘we’re not out of the woods’ when it comes to inflation
Record-high inflation is one of many things Democratic U.S. Senator Mark Warner is speaking about in communities across the Commonwealth this week.
Krispy Kreme matches its price of a dozen doughnuts to average U.S. gas price every Wednesday
Krispy Kreme is trying to sweeten up how painful it is to fill your tank up at the gas station lately.
Inflation and car prices: What’s going on? How did this happen?
It seems like you hear about it more and more these days: The extreme lengths people are going to in order to buy a new house; how much it costs to fill up the gas tank; and what we’re spending at the grocery store.
With soaring gas prices, EVs and public transportation have never looked more attractive
The nationwide average price for a gallon of unleaded gas has reached record highs in 2022, according to GasBuddy.com.
We asked how inflation is affecting your life. Here’s what you had to say.
Just last week, we asked you, our readers and viewers: When it comes to inflation, or even just when you hear the word, what do you think of first? Or better yet, what’s affecting your life the most?
Pediatrician promotes importance of child nutrition amid inflation prices
Dr. Percita Ellis, a pediatrician with Rockbridge Area Health Center in Lexington, says 9.6 percent of Virginia households are already considered food insecure.
Ships are sitting offshore containing items that we desperately need -- what can be done?
If you’re in the Jacksonville, Florida area, you’ve likely seen the logjam of container ships sitting idly offshore. The vessels are packed with items destined for store shelves -- and they’re things business owners and consumers desperately need delivered.
How do your county’s current gas prices compare to last week, last month?
If you’ve been to the gas pumps lately, or even listened to any news outlet, you’re likely well aware that gas prices are at a painful high.
Virginia politicians, Ukrainian citizens react to President Biden’s State of the Union address
Using the worlds stage, President Joe Biden voiced the Unites States’ strong support for the people of Ukraine and tough action that has been and will be taken against Russia during his first State of the Union address.
WATCH: 10 News Political Analyst breaks down President Biden’s State of the Union address
From Biden’s stance on the Ukraine situation to inflation, 10 News Political Analyst Dr. Ed Lynch takes a deep dive into the president’s words to the nation.
Interfaith Outreach Association helps Central Virginia families facing eviction, utility terminations
Executive director, Shawne Farmer, says they’re currently supporting 127 families in the Hill City and surrounding counties -- and it’s not due to unemployment.
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Inflation on everything from gas to groceries is causing concern
The Consumer Price Index climbed 5.4 percent in September compared to this time last year. Experts say the inflation is a result of supply chain issues and a demand from the pandemic.
Your wild home-buying, selling stories: These 17 help paint the picture
We’ve all heard about it by now: Houses are selling like crazy (and they have been for quite some time now), interest rates have been at all-time lows, and it seems like everywhere you turn, you learn of another wild real estate story.