CNBC: Even millionaires are feeling financially insecure, report finds
Earning a good salary is one thing, feeling “rich” is another.
Even doctors, lawyers and other highly paid professionals — also referred to as the “regular rich” — who benefit from stable jobs, homeownership and a well-padded retirement savings account said they don’t feel well off at all. Some even said they feel poor, according to a recent survey conducted by Bloomberg.
Of those making more than $175,000 a year, or roughly the top 10% of tax filers, one-quarter said they were either “very poor,” “poor” or “getting by but things are tight.” Even a share of those making more than $500,000 and $1,000,000 said the same.
Pork belly prices are up 100% this year — your breakfast bacon is about to get pricier
Bacon is about to get even more expensive as wholesale pork belly prices approach record highs on the back of an animal welfare law in California, as well as peak summer demand.
Pork belly prices rose over 100% year-to-date from 131.59 cents per pound in January, to 270.89 cents at the end of July — just shy of the all-time high of 279.97 cents per pound in August 2021, according to data from FactSet. That’s a jump of 106%.
Wholesale pork belly prices are currently trading at 270.89 cents per pound.
And consumers are about to see even higher prices of bacon, which is primarily cut from pork bellies.