The Clark Howard Podcast 07.28.25 Inflation & Retail Adaptation / Everyday Is Scam Awareness Day
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Jul 28, 2025 Discover how rising inflation is reshaping shopping habits, with consumers increasingly favoring store brands over name labels. Learn about effective strategies to save on groceries amidst rising costs. The importance of scam awareness takes center stage as listeners are alerted to the latest deceptive practices targeting the public. From subscription pitfalls to scams exploiting grief, vigilance is essential to protect your finances. Plus, find insights into maximizing college savings with 529 plans, ensuring a brighter future for education.
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Shift to Store Brands Amid Inflation
- Americans are shifting towards buying store brands and generics due to inflation and shrinkflation.
- Brand name goods cost more mainly because of packaging, marketing, and advertising expenses, not always quality.
529 Plans for Settlement Investment
- Invest a 17-year-old's settlement in an age-based 529 college savings plan for tax-free growth.
- If unused for college, convert the funds tax-free to a Roth IRA later.
Use BBB for Subscription Refunds
- If a company charges you due to confusing paused subscriptions, file a complaint with the Better Business Bureau.
- Legitimate companies often respond quickly with apologies and refunds when confronted this way.