Anwar Hadid Gets Real About Growing Up with Supermodel Sisters — And His Fashion Future

Anwar Hadid Gets Real About Growing Up with Supermodel Sisters — And His Fashion Future

This is just one half of our awesome June/July cover story, starring Cameron Dallas and Anwar Hadid. Read the profile and see extra pictures on Cameron here!

Anwar Hadid has a lot to live up to. Let’s forget for a second his sisters Gigi’s and Bella’s rather sudden fashion and social media takeover, which has ingrained the Hadid name into our pop-culture vernacular. When you Google Anwar’s Arabic first name, varying synonyms for “luminous” appear. The youngest of the glam Hadid brood was seemingly branded to shine bright like a diamond the moment he was born.

Despite the success of his sisters, and the notoriety of his parents — his mom is Dutch former model and The Real Housewives of Beverly Hills star Yolanda Foster, and his father, Mohamed, is a real estate mogul — Anwar doesn’t seem concerned about any newfound attention. He seems like a typical California dude who accidentally stumbled into fame and thought, Sure, why not.

Arriving early to his first cover shoot, he exudes a confident swagger that never borders on arrogance or know-it-all pretension. In fact Anwar is to be perfectly fine with not knowing it all — at least for now.

Photographed by Coco Capitán

His low-key nonchalance, gracious attitude, and old-school good looks (I’m seeing a bit of Jimmy Stewart and James Dean with a bit of Brando mixed in) set this guy apart from the sea of hungry, disenchanted Los Angeles youth desperate for attention. “I try not to think about anyone’s expectations but rather focus on always doing my personal best,” states the 16-year-old who, like his sisters before him, was signed with IMG Models this past February. “Modeling was never a thought in my mind growing up, but my mom felt it was important for me to be open to business opportunities and expand my horizons. I’m excited to go for it!”

Having interviewed Gigi and Bella multiple times at varying points in their careers, I’ve always been struck by their refusal to let fame get to their heads. Though they were raised in a world where a cross-country private jet ride is par for the course and they now have more than 20 million Instagram followers between them, the sisters are down-to-earth, with good senses of humor. Anwar, an avid Lakers fan and video game enthusiast, is no exception. “I think our family motto is to always work hard, be humble, kind, and thoughtful about others around us,” says the self-proclaimed mama’s boy. “I’m comfortable around girls because I grew up with two sisters and a single mom. I feel very lucky for all they have taught me.” His tight-knit fam is giving the fresh face a crash course on being in front of the camera. “They tell me to be myself, have fun, and focus on eye expressions,” he admits, demonstrating a quick bad-boy smize with a laugh.

He is seen running around with pal Jaden Smith and heartthrob Lucky Blue Smith, who has also proved to be good support. “It’s nice to have a friend in the business. We ask each other for advice and opinions on things we are doing,” reveals Anwar, who leaves the competitiveness for the soccer and football fields. “I don’t feel any of that.

[“source=vogue”]

Sell Micron because of continued deterioration in pricing, analyst says in downgrade

Chip stocks have been hit especially hard amid the broader sell-off in technology names. And one of the sector heavyweights — Micron — is really feeling the pain. The stock is down 44% from its 52-week intraday high of $64.66, and some think there’s no end in sight.

On Tuesday Baird analyst Tristan Gerra downgraded the company to underperform. “Continued deterioration in both DRAM and NAND pricing leads us to model eight consecutive quarters of gross margin and EPS contraction,” Gerra wrote in a note to clients. He also slashed his price target on the stock from $75 to $32. Micron closed at $36.12 on Tuesday, which means Gerra sees another 11.4% downside ahead.

Micron cut to underperform at Baird

Micron cut to underperform at Baird   12:59 PM ET Tue, 20 Nov 2018 | 03:45

Investitute co-founder and “Halftime Report” trader Pete Najarian owns Micron and is sticking with it because he believes the pricing pressure thesis is already reflected in the stock’s price, and also because he likes the company’s management team.

“We all know with DRAM and NAND there’s going to be some pricing pressure…But I think the management team you’ve got right now at Micron is different than it has been in past years. I think going forward they’re navigating this better,” he said on Tuesday’s “Halftime Report.” He also disagreed with the analyst cutting his target by more than 50%, saying it felt “a little extreme.”

Micron soared 87.6% in 2017, but so far is down 12% for the year. And while Najarian remains bullish on Micron for the long-term he’s not adding to his position just yet. He noted that the stock “could go down a little further” but that he thinks “we’re getting close to a bottom here.”

Micron’s move lower follows a broader sell-off in the chip space as investors worry about potential oversupply. The SMH, an ETF that tracks the sector, is just about in bear market territory, falling 19.8% from its 52-week high of $198.84 on March 13.

Virtus Financial’s Joe Terranova attributes the leg lower to a slowdown in capex spending. “If you’re going to get capex contracting it’s going to impact technology, and it’s certainly going to impact the semi names,” he said. Within the space he’s watching Intel since it’s bucked the broader trend, posting a 7.7% gain over the last month.

“I don’t own it [Intel], but it seems to be holding up pretty well. Maybe some of the hot money that was in AMD, Micron, the other high-beta chip names is hiding out in Intel right now,” he said.

Another high-flying chip name that’s been hit hard this year is Nvidia. The stock has plummeted nearly 30% this month after missing revenue estimates and cutting guidance. Despite the drop, Douglas C. Lane Managing Partner Sarat Sethi says this is the chip name to buy if putting new money to work since they’re developing technology for AI vehicles.

[“source=pcworld”]

10 Ways Blockchain Could Change The Marketing Industry This Year

Bitcoin. Cryptocurrency. Ethereum. These related buzzwords have been in just about every business publication lately, and it seems that everyone wants to learn more about blockchain, the decentralized ledger technology behind it all.

Experts predict that 2018 will be a huge year for blockchain, noting that the technology is poised to dramatically change a wide range of existing industries. What does the rise of blockchain mean for digital marketing? We asked members of the Forbes AgencyCouncil to share their thoughts.

Images courtesy of FAC members.

FAC members weigh in on the blockchain.

1. Brands Will Be Able To Better Target Consumers

Like many emerging technologies, it is very early to truly understand how blockchain will impact marketing. It has the ability to remove the middleman in digital advertising. However, that may take years to displace Google and Facebook, if ever. Because of blockchain’s transparency, it will initially help brands build trust with consumers. – Lisa Allocca, Red Javelin Communications

2. Malicious Ads Will Grow

JavaScript-based cryptocurrency miners have already been found in the wild, wasting visitors’ CPU power to send “coins” back to website owners. 2018 will see an explosion of this type of shady ad to top-tier sites, especially as “on by default” ad blockers become more popular. Website owners will be searching for new ways to monetize but must balance the ethical use of their visitors’ resources. – Marc Hardgrove, The HOTH

3. Privacy Concerns Will Be Resolved And Advertiser Trust Will Increase

Giving users control over the amount of personal information they reveal appeases privacy concerns from the user perspective and promotes social responsibility from the advertiser’s side. Studies routinely show that if you ask permission first, users are more than willing to give you personal information if there’s a reward in turn. That reward is paying users directly to view ads. – Kristopher Jones, LSEO.com

4. Decentralization Will Remove The Media Middlemen

Marketing and advertising startups in the blockchain space are already popping up. These aim to tokenize user behavior and offer a sort of credit system between advertisers and the consumer, which completely removes the massive middlemen managing big media. As we continue to decentralize our world, this is inevitable. Be smart. Move away from being a middleman. Be the source. – Trevor Chapman, Trevor Chapman Group

5. The Fraud Verification Industry Will Grow

Advertising online is complex when it comes to ensuring media is bought and delivered as intended. Blockchain will make this more transparent. I predict that fraud verification companies will, or have already begun, the blockchain process to evaluate how we can stop bots and fraudsters from stealing ad dollars from brands. Blockchain will allow us to verify who, how and where ads run. – Ashley Walters, Empower MediaMarketing

6. Delivery And Reporting Will Transform

The first marketing area affected last year by blockchain, even on a small scale, was video content delivery. That will extend beyond video to more content producers this year. They will love how they can control how their assets are delivered and ensure it’s properly tracked. Then, once advertisers experience verified delivery and reporting, it will be required. – Todd Earwood, MoneyPath Marketing

7. Advertising Will Become More Transparent

Marketers love to publish case studies of their outliers that are getting amazing results. The gradual implementation of blockchain will provide transparency on marketing claims by every journey having the ability to be analyzed and validated. This will even lead to the ability to also negotiate contracts and accept terms based on those results. – Douglas Karr, DK New Media

8. Influencers Will Become Fewer In Number But Better In Quality

Influencer marketing campaigns are going to change dramatically. With blockchain, marketers will be able to see if the influencer’s followers are true people or simply bots. Essentially, it will reduce the number of influencers but leave the top influencers at the top. – Loren Baker, Foundation Digital

9. Publishers Will Become More Accountable

Technologies like Ethereum make publishers more accountable as transactions become more transparent. Advertisers can see exactly where their traffic is going. Ad data is paramount — it’s shocking how much information we don’t have. Measuring impressions doesn’t cut it. Blockchain technology will unveil everything, decreasing fraud and increasing attribution. – Michael Weinhouse, Logical Position

10. It Will Solve Numerous Industry Issues

There are blockchain projects being created that might provide solutions around payment processing or fraud prevention within the ad exchange environment. Other areas of interest blockchain technology could solve for are measurement, invoice reconciliation and publisher/advertiser transactions. – Chad Recchia, Awlogy

[“Source-forbes”]

Stocks’ bumpy ride could continue. Here’s how to position your portfolio

Brendan McDermid | Reuters

Increased market volatility this year has mostly prompted financial experts to repeat one piece of advice: Stay the course.

But as markets are poised for a continued bumpy ride, investors would be wise to keep another tip in mind: Diversify.

“Diversification works when you need it the most,” said Chris Hyzy, chief investment officer for Bank of America Global Wealth & Investment Management.

That comes as the Dow Jones Industrial Average sank more than 500 points on Tuesday, effectively erasing gains for the year. The S&P 500, meanwhile, fell 1.8 percent.

“Right now, we’re in a little bit of a hornet’s nest, where there’s a confluence of events that are causing some selling and repositioning to occur,” Hyzy said.

In order for investors on the sidelines to feel comfortable enough to ramp up their risk exposure, two things need to happen, according to Hyzy.

“What we need is the Fed to come out and be more balanced in their assessment, not only of the economy, but also their potential action regarding short-term interest rates,” Hyzy said. “And second, we need a resolution between the U.S. and China on a trade agreement.”

Strong corporate earnings in the fourth quarter and first quarter can also help the markets establish more solid footing, he said.

Need de-escalation with US-China before the market will calm, says Merrill Lynch's Hyzy

Need de-escalation with US-China before the market will calm, says Merrill Lynch’s Hyzy   8:22 AM ET Wed, 14 Nov 2018 | 05:08

How to adjust

For now, investors may want to make sure their portfolios are prepared for a bumpy ride.

“It’s important to be more diversified in 2019 than you have been over the last few years,” Hyzy said.

If you’re overallocated to growth or momentum areas of the market, now could be the time to pull back on that exposure. Consider investing in companies that do not need financing or do not have a lot of debt, Hyzy said.

One buffer for your portfolio could be short-term fixed income, from three years to one year, where “the yields are much more attractive than the longer-dated yields,” Hyzy said.

You may also opt to reduce the effect volatility has on your portfolio by increasing your investments in alternatives or even cash, Hyzy said.

[“source=cnbc”]

Classic bear market gold trade could be back from the dead with stocks in correction

Gold, the classic bear-market investment, has been ignored by investors this year, and for good reason: Gold prices have gone in the wrong direction, losing about $100 in the price per ounce since January, leading gold exchange-traded funds to year-to-date losses near-5 percent. But as more investors fear that the end of the bull market in stocks is near and volatility in stocks continues, gold may get some attention.

Gold bars at the Austrian Gold and Silver Separating Plant in Vienna, Austria.

Leonhard Foeger | Reuters
Gold bars at the Austrian Gold and Silver Separating Plant in Vienna, Austria.

The largest gold ETF, the SPDR Gold (GLD), has taken in $600 million in assets over the past month, according to XTF.com data through Nov. 21. It is a notable one-month movement into gold by investors, especially in light of the near-$3 billion move out of GLD year-to-date made by investors. So far in the fourth quarter, gold ETFs, including GLD, are up roughly 2.5 percent through Nov. 20.

“A lot of the factors that led to gold seeing little interest from investors are going to be reversing,” said Bart Melek, director and head of commodity strategy at TD Securities.

He expects a steady upward trend for the spot price of gold as central banks pump the break on quantitative easing and tighten monetary policy. He pointed to several other factors: Equities are not necessarily going to be the one-way bet (up) they have been for most of the decade-long bull market run, as volatility is back in a major way and many investors expect it to continue, or even increase. Another factor working against gold, the strong dollar, should start to reverse, Melek said. “We think gold will be over $1,300 an ounce by the final months of 2019,” he said.

Gold was trading above $1,220 per ounce on Wednesday. It began 2018 at a level above $1,300 per ounce. Gold prices have fallen roughly 10 percent since peaking in April as issues including the trade war with China, Fed interest-rate policy and a slowdown in overseas markets sent the U.S. dollar higher. The dollar hit a 17-month high versus other currencies last week.

George Milling-Stanley, vice president and head of gold strategy at State Street Global Advisors, said his firm’s SPDR Gold Trust (GLD) exchange-traded fund saw increasing interest from investors in October due to rising market volatility, with $472.3 million in inflows for the calendar month. The weakness in gold prices came after a summer of “exceptional strength in the equity markets,” he said. (The third quarter was a period of record-low volatility in stocks, with no trading session where the U.S. market moved by 1 percent up or down.)

Gold opened at $1,303.45 on Jan. 2., but a perfect storm of signals from the Federal Reserve and currency moves came together to drive gold down to a yearly low of $1,160.39 on Aug. 18. “After Powell came in, [the Fed] started to talk about a persistent cycle of tightening in the U.S.,” Melek said. “With employment and inflation at multidecade lows, the Fed began to raise interest rates, with two-year Treasury yields moving from 1.89 percent on Jan. 2 to 2.97 percent by Nov. 8.”

The Fed is approaching the end of its tightening cycle, and with stocks plunging, expectations for further rate increases from the market have come down. Other central banks, including in the EU, are starting to remove monetary accommodation and tightening their policies, Melek said, and these decisions could result in a weakening dollar.

“You had interest rates move higher, which worked against gold, and at the same time, that drove the dollar higher,” Melek said. As the U.S. dollar strengthened, highly indebted emerging markets countries had to repay loans in U.S. dollars. Instead of using resources to purchase gold, these emerging market countries, which are usually big buyers of gold, were forced to use those resources to repay loans, Melek said.

Milling-Stanley also sees the dollar headwind easing. “The dollar is looking a bit wobbly and so are equities, so the things that have been against gold for the past few months are turning,” he said. “I think the broad trend in equities will be flat to downward with occasional rallies, and I think gold will benefit from that as it has so often in the past,” he said.

India and China remain huge drivers of gold prices

Milling-Stanley said the price of gold could also now see support from a non-market factor: consumer buying, especially in emerging markets, which account for 50 percent of annual consumption. It is the seasonal period of strongest gold demand.

There is generally an uptick in demand for gold during Diwali, the Hindu festival of lights, and is followed by the Indian wedding season, which runs from November until late May/early June. Milling-Stanley also noted that Christmas and Valentine’s Day are other times when there is a stronger than usual demand for gold.

China, a large gold buyer, has suffered economically from President Donald Trump’s tariffs, and this in turn hurt Chinese industries. Currencies, including the Chinese yuan renminbi, all suffered, making gold more expensive for Chinese businesses and for emerging markets whose currencies were all driven lower, in part, by the rise of the dollar.

“China also decided to deleverage, and part of that was restricting people who were not members of the Shanghai Exchange from leasing gold,” Melek said. “This reduced the amount of physical gold in China by as much as 60 percent. Higher interest-rate expectations triggered a stronger dollar and, combined with emerging markets issues, drove gold prices lower.”

Dave Nadig, managing director at ETF.com, said gold ETFs are a straightforward way to invest in the metal.

“Of all ETFs, it’s harder to get a cleaner and simpler structure than the GLDs of the world,” he said. “There’s no question what they’re worth. From a structural standpoint, they are one of the simplest ETFs in existence. They’re tracking the price of gold minus fees.”

While GLD has seen an uptick in interest in the past month, none of the other gold ETFs have seen much, if any, buying. But BlackRock’s iShares Gold Trust ETF (IAU) is still sitting on a positive flow of over $1 billion from investors this year, even as gold prices moved in the wrong direction. BlackRock’s family of ETFs tends to be more heavily used by financial advisors and institutions, while the SPDR ETFs are more often associated with the trading community.

[“source=cnbc”]

Apple’s stock rout starts and ends with the iPhone

Tim Cook, CEO of Apple Inc.

Adam Jeffery | CNBC
Tim Cook, CEO of Apple Inc.

Apple is snapping.

The stock, once a safe haven from market turmoil, is more than 20 percent below all-time highs and clinging to modest year-to-date gains. The stock has shed more than a $100 billion of its historic $1 trillion market valuation. It’s on pace for its eighth straight week of declines and its worst month of trading since the 2008 financial crisis.

And it all starts with the iPhone.

On Nov. 1, alongside Apple’s fiscal fourth-quarter earnings, the company reported lower-than-expected iPhone shipments for the fourth straight quarter and warned of lighter holiday sales than analysts expected. The company also announced it will stop reporting individual unit sales and revenue figures for the iPhone.

Shares plunged 6.6 percent during the next trading session.

Then came the supply-chain rumors and speculation that Apple was cutting component orders for its newest iPhones. The stock fell another 5 percent last week after at least four iPhone suppliers slashed revenue forecasts.

“This is as negative sentiment as I’ve seen from investors on Apple since maybe 2014, 2015,” Dan Ives, managing director of equity research at Wedbush Securities, told CNBC in an interview. “Every bear is coming out of hibernation … At this point the New York City taxi driver is negative on Apple.”

Apple’s no stranger to supply-chain rumors, and it’s been battling a slowdownin its iPhone segment for several quarters.

But it’s the “litany of bad news,” the severity of reports, and the absence of any encouraging data points ahead of the company’s next earnings report in January that’s weighing on shares, Ives said.

Sales

Apple’s move to keep iPhone sales close to the vest validated previously held concerns around its largest revenue segment.

In 2008, the first full year of iPhone sales, the smartphone accounted for 5.7 percent of Apple’s total revenue. The next year, that number tripled. IPhone sales as a percent of total revenue jumped each year after and peaked in 2015, when iPhones accounted for $2 out of every $3 Apple brought in.

Global market saturation and longer upgrade cycles have dented smartphone sales in the years since. And reports of lighter sales in China and emerging markets such as India — where Apple still has room to run — have shed doubt on the company’s ability to sustain segment growth long-term.

For years, the Apple story has been the iPhone story. The smartphone cannibalized Apple’s own iPod and has served as the design basis for recent updates to the iPad and Mac.

Apple’s new MacBook Air is exactly what fans have been begging for   5:59 AM ET Tue, 6 Nov 2018 | 03:22

Any weakness in Apple’s flagship segment could shake the company’s shareholders and would be difficult to make up.

Other segments

Apple has been publicly downplaying its smartphone segment in lieu of its burgeoning Services category and what the company calls Other Products.

Services includes such things as the App Store, Apple Care, Apple Pay and cloud services. Other Products includes hardware like the Apple Watch, AirPods and HomePod. The business segments are two of Apple’s and CEO Tim Cook’s favorite talking points, but they’re unlikely to produce revenue levels anywhere close to the iPhone.

For Apple’s fiscal year 2018, Services revenue totaled $37 billion and Other Products revenue totaled $17 billion. IPhone revenue totaled $167 billion.

“We think curation, security, privacy and original content can keep side-loading to a minimum and that Apple’s strengths in edge processing keep it the best platform for new services,” analysts for Guggenheim wrote in a note published this week. “But while that model continues to grow and helps support the stock’s [price-earnings ratio], we still consider Apple a ‘product’ company.”

Analysts and shareholders are still hoping for true-to-form Apple innovation — augmented reality “smart” glasses or a self-driving car product, perhaps — but the company has been slow to update on those projects. Last year Cook said the technolog

[“source=cnbc”]

Hedge funds suffer worst month in nearly three years in October and are now down for the year

 

A whole host of drawbacks might make you think twice about hedge funds.

Yellow Dog Productions | Getty Images
A whole host of drawbacks might make you think twice about hedge funds.

October saw hedge funds notch their worst collective monthly performance since January 2016, according to Preqin a research firm on the industry.

Hedge funds lost 2.35 percent on average in October, according to Preqin’s index, while investors withdrew $4.6 billion of hedge fund capital in the third quarter of this year. The hedge fund industry’s performance turned negative for the year in October, down 0.8 percent.

“Hedge fund performance was severely impacted by the sell-off resulting from the escalation of trade, political and monetary policy uncertainties,” Preqin’s head of hedge funds Amy Bensted said in a statement.

Hedge funds specializing in equity strategies were the worse performing, losing 3.3 percent, according to the report.

[“source=cnbc”]

Watch out: 4 scams targeting holiday shoppers

Online shopping can be convenient, but experts say shoppers should be on high alert for email scams this holiday season. 

filadendron | E+ | Getty Images
Online shopping can be convenient, but experts say shoppers should be on high alert for email scams this holiday season.

Shoppers, beware: Scammers want in on your holiday spending budget.

Consumers are expected to spend about 4.3 percent to 4.8 percent more this holiday season than last year, up to $720.89 billion total, according to the National Retail Federation.

That’s an attractive target for thieves.

“People need to be more aware this time of year,” said Katherine Hutt, a national spokeswoman for the Better Business Bureau. “They’re rushing and trying to get a lot done, and scammers will take advantage of that opportunity.”

Online fraud attempts rose 22 percent between Thanksgiving and New Year’s Eve last year, according to payment systems company ACI Worldwide. Between Thanksgiving and Cyber Monday alone, malware infections jumped 123 percent, per reports from Enigma Software Group’s anti-malware SpyHunter software.

Here are some of the seasonal scams the BBB is warning consumers to watch out for, and how to fraud-proof your holiday shopping plans.

Shopping red flags

Don’t get so caught up in the Black Friday frenzy that you miss warning signs that a deal is too good to be true. So-called “online purchase scams” — which include fake web sites, among other woes — were the BBB’s top-reported scam in 2017.

Don’t click on emailed links without scrutinizing the source of that sale mail. You could end up at a look-alike site out to collect your credit card details and other info, Hutt said. At checkout, make sure the browser shows a lock symbol and a web address starting with an “https” (versus “http”), meaning it’s secure.

How to outsmart the holiday shopping season

How to outsmart the holiday shopping season   7:05 PM ET Wed, 14 Nov 2018 | 29:52

Fake shipping notifications

This scam shows up as an email purportedly from a big retailer (one that you may or may not have ordered from) or from a shipper such as UPS or FedEx. Usually, it’s a vague warning of a shipping delay or some other problem to entice you to click on a link and get more information, Hutt said.

But doing so could trigger a malware download. Instead, go to the retailer or shipper’s site directly, and look up your order status using details such as an order confirmation or tracking number.

Santa letter phishing

Want your kid to receive a letter from Santa? Be careful about the company you pick and what kind of personal details you give out, Hutt said. The big risk here isn’t that your kid won’t hear from Santa, but that you’re providing key details to a phisher who will use it to perpetuate other fraud or identity theft.

Check for reviews and a good BBB rating before you order a Santa letter, she said. And think twice before providing details such as your child’s full birth date.

More from Personal Finance
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The most important thing to know about financial advice you get

Bogus charities

“Scammers are opportunists who will go where people are spending money,” Hutt said. That’s not just at the mall: Nonprofit rating site CharityNavigator has said roughly 40 percent of all charitable donations are made in the last few weeks of the year. Scams pop up in the form of donation solicitations via email, social media and text.

Before you give, check into the charity to make sure it’s legit, she said. (CharityNavigator, as well as the BBB’s Give.org, are good resources.) Give directly via a channel you know is correct — say, the nonprofit’s web site — to thwart attempts where the charity is real but the donation request is a phishing attempt..

[“source=cnbc”]

10 US cities where the cost of living is skyrocketing

Things look pretty good. The economy is strong, and unemployment is low.

Yet in some locales, people are finding it tougher to afford the basics, according to GOBankingRates, which surveyed 5,000 people online in August.

Based on data from the Consumer Price Index, the cost of living in the U.S. has shot up by 14 percent in just the past three years, the personal finance site said.

If that doesn’t sound like much, consider that if you paid $2.69 for a dozen eggs, a 14 percent increase would mean you now pay $3.07.

The numbers are worse if you look at bigger-ticket items, such as rent. The median rent in the U.S. was $981 in 2016, according to the Department of Numbers, a data-crunching website. That rate of increase would now mean writing a check for $1,118.

Stressful Moments

nimis69 | E+ | Getty Images

The survey uses the 50-30-20 budgeting rule: 50 percent of income for necessities, 30 percent for nonessentials and 20 percent toward savings. In most cities, the income needed to live comfortably is higher than the median household income.

Where people feel squeezed financially

Renters in these 13 states are spending more than 50 percent of their income on necessities.

People live comfortably in these states

If you live in a state where it’s difficult to keep up with the rising the cost of living and to save for the future, you might want to consider moving. GOBankingRates found 13 states where respondents spend much less than 50 percent of their monthly income on necessities.

In some cities, GOBankingRates found prices for the basics have gone up by more than $17,000 in one year. That’s 35 percent.

Prices are soaring in these 10 cities:

1. Colorado Springs, Colorado

The income needed to live comfortably in 2017 was $49,415, according to GOBankingRates. This jumped to $67,011 this year, which is 36 percent higher.

2. Austin, Texas

Last year, you’d need $54,631 for all the basics. This year, $73,163 would cover it; that’s a 34 percent increase.

3. Columbus, Ohio

The income needed to live comfortably in 2017 was $44,852, which jumped to $58,973 in 2018. That’s an increase of 31 percent.

4. Fresno, California

The income needed to live comfortably in 2017 was $44,648. This jumped to $58,616 this year, which is 31 percent higher.

5. Arlington, Texas

The income needed to live comfortably in 2017 was $46,420. This jumped to $60,592 this year, which is 31 percent higher.

The salaries you need to live comfortably in America's biggest cities

The salaries you need to live comfortably in America’s biggest cities   2:08 PM ET Mon, 10 April 2017 | 00:53

6. Fort Worth, Texas

The income needed to live comfortably in 2017 was $53,026. This jumped to $68,636 this year, which is 29 percent higher.

7. Virginia Beach, Virginia

In 2017, $52,649 was needed to live comfortably. This year’s estimated $67,568 represents a 28 percent increase in costs.

8. Sacramento, California

The income needed to live comfortably was $56,786 last year. A 27 percent increase means you’d now need $72,079.

9. Wichita, Kansas

The income needed to live comfortably in 2017 was $43,644. This jumped to $55,345 in 2018, which is 27 percent higher.

10. San Antonio

An income of $46,154 likely met your needs for a comfortable life in 2017. Now, a 27 percent increase this year

[“source=cnbc”]