At first, it didn’t even register as a threat. Then it seemed like a temporary annoyance. Now, inflation is flashing red for the Federal Reserve’s policymakers and delivering sticker shock to Americans at the used car lot, the supermarket, the gas station, the rental office.

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U.S. health secretary Xavier Becerra on Monday ordered Medicare to reassess a big premium increase facing millions of seniors this year, attributed in large part to a pricey new Alzheimer’s drug with questionable benefits.

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In addition to the new year bringing confetti and a fresh calendar, it’s a time to set big money goals for the next 12 months. That might mean finally paying off debt, buying a house or taking a long-delayed vacation. 

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You might have added a furry friend to the family during the holidays. And you’re in good company: 70 percent of U.S. households have a pet, according to the 2021-2022 American Pet Products Association National Pet Owners Survey. 

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As an early Christmas gift to seniors struggling to pay for high drug costs, Congresswoman Carolyn Maloney,  D-NY, released a 269-page majority staff report on Dec. 10 from the House Committee on Oversight and Reform, summarizing a three-year investigation of the pharmaceutical industry’s pricing and business practices.

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Age brings unique opportunities and obligations, including some important year-end tasks that can help you make the most of your money. For people 50 and older.

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