Wednesday’s need-to-know money news

Today’s top story: Advice for renters priced out of homebuying. Also in the news: How to book a flight that (likely) won’t get canceled, U.S. drivers’ gas spending soars, and how to build generational wealth.

Advice for Renters Priced Out of Homebuying
Use a timeout from home shopping to reevaluate goals and strengthen finances.

How to Book a Flight That (Likely) Won’t Get Canceled
Airline cancellations can’t be avoided entirely, but there are smart steps you can take to prepare just in case.

U.S. Drivers’ Gas Spending Soars Toward $562 Billion in 2022
If there were a poster child for current inflation, it would be the price of gasoline.

What is generational wealth and how do you build it?
Experts shared some ways for people to begin to build generational wealth.