Forbes - Coming soon: Cheaper prescription drugs

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A Note From Kelly Anne

Prescription drugs are one of the biggest financial burdens for older Americans. But seniors will finally get some relief. 

The Inflation Reduction Act, which will soon be passed into law, makes huge reforms to prescription drug prices. Medicare recipients will be the biggest beneficiaries—but not immediately. We break it down below.

Have a great week.

Best,

Kelly Anne

Senior Staff Writer

Consumer Finance

Here’s what else you should know
this week:

Wells Fargo has released a true high rewards card that offers 3X points on everyday purchases, which can really add up. The new Wells Fargo Autograph^SM Card is a great choice for earning rewards as the costs of essentials rise with inflation.

This includes earning unlimited 3X points per dollar at restaurants, travel, gas stations, transit, popular streaming services and phone plans. Plus, earn 1X point per dollar on other purchases. The points don’t expire as long as your account remains open. 

In addition to earning 3X points across many of the categories where consumers spend most, Autograph offers other benefits to make your summer even sweeter, including cell phone protection, zero liability protection, access to My Wells Fargo Deals and travel benefits.

Identity theft is an enormous problem that’s only getting worse. In 2021, 42 million U.S. adult victims lost $52 billion to identity fraud—way up from about 17 million victims and nearly $17 billion in total losses during 2017, according to Javelin Research.

One way to fight back is by freezing your credit, to protect yourself from ID theft by preventing unauthorized parties from accessing your credit reports. Freezing your credit can be a meaningful way to guard your credit files.

Motley Fool Stock Advisor Takes The Guesswork Out Of Investing

Motley Fool Stock Advisor is a monthly or annual membership that gives customers access to two monthly stock picks and other resources that take the guesswork out of investing. Stock Advisor’s strategy is based on the belief that Foolish investors should buy at least 25 stocks and hold them for at least five years.

To improve their odds of success, members get instant access to every stock recommendation made by Stock Advisor in the past. Customers also can use the stock screening tool, specialized stock reports and community message boards to connect with other investors.