GO in the Know: New car prices hit records, SNAP adds payment provider and top financial news for August 16

GO in the Know

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It’s National Tell a Joke Day, but unfortunately all the jokes I know are about pizza and I don’t think you’ll like them – they’re too cheesy. Anyway, here are today’s biggest financial stories.

The big plus: New car prices hit records, average monthly payment hits $733

Buying a new car continued to get more expensive in July thanks to rising sticker prices and interest rates, with the estimated typical monthly payment reaching a new record high of $733.

Bonus Offer: Open a new Citi Priority account by 9/1/23 and earn up to $2,000 in bonus cash after completing the required activities.

Read the full story here

SNAP Spotlight: Major food stamp changes mean more grocery options

The addition of a new third-party payment provider to the Supplemental Nutrition Assistance Program (SNAP) should be good news for grocers looking to accept digital payments for purchases, and great news for to SNAP recipients who want more shopping options.

Read the full story here

This is interesting: Current tax credits for electric vehicles will end when Biden signs Inflation Reduction Act

President Biden’s Inflation Reduction Act, set to be signed into law on August 16, will have a major impact on electric vehicle tax credits, including restructuring credits worth up to $7,500.

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Bonus: 5 Ways to Get Your Old Job Back If You Regret Your ‘Big Resignation’

For anyone looking to get their old gig back, all hope is not lost.

Read the full story here

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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!