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Economy, Personal Finance

“About 45% of Americans will run out of money in retirement…”

“…The model, run by Morningstar’s Center for Retirement and Policy Studies, showed that the risk is higher for single women, who had a 55% chance of running out of money versus 40% for single men and 41% for couples. The… Continue Reading…

Economy, Personal Finance

“44% of workers are ‘cautiously optimistic’ about meeting retirement goals, CNBC poll finds. Here are key planning steps at every age”

“Almost half, 44%, of workers in a new CNBC poll are “cautiously optimistic” about their ability to meet their retirement goals, and 27% say they are “realistic” about that happening.  About half, 52%, of millennials and 47% of Gen Xers… Continue Reading…

Economy, Personal Finance

“40% of workers are behind on retirement planning. Not saving earlier was the biggest mistake”

“…In fact, 4 in 10 American workers — 40% — are behind on retirement planning and savings, largely due to debt, insufficient income or getting a late start, according to a new CNBC survey, which polled more than 6,600 U.S. adults in early August. Older… Continue Reading…

Economy, Personal Finance

“Only 37% of American workers feel good about their retirement savings…”

“…That’s according to CNBC’s August 2024 Your Money retirement survey conducted with SurveyMonkey, which found that only 37% of non-retired Americans are either “on schedule” or “ahead of schedule” with their retirement investments. Considering that more than half of Americans say they’re… Continue Reading…

Economy, Personal Finance

“79% of Americans who make this one move won’t run out of money in retirement, researchers say”

“…Morningstar’s model — which assumes a hardly guaranteed status quo for Social Security benefits in the future — predicts that 45% of U.S. households will run short of money in retirement. For a large chunk of Americans, that could mean returning to… Continue Reading…

Personal Finance, Predictions, Opinions, & Comments

Financial Independence Beyond Social Security: A Guide to Sustaining Your Future

Written By: Jillian Day As you look toward the future, establishing a robust financial foundation becomes essential,particularly when reliance on Social Security or Medicare may not suffice for a secureretirement. Crafting an economic strategy that fortifies your finances requires a… Continue Reading…

Personal Finance, Predictions, Opinions, & Comments

Effective Tips to Stay on Track with Your Finances

Written By Tina Martin Financial stability is a goal many strive for, yet it often feels elusive. However,with deliberate planning and disciplined habits, it’s attainable for everyone. Bytaking control of your finances, making informed decisions, and adoptingconsistent strategies, you can… Continue Reading…

Business, Personal Finance

“Credit-card delinquency rates were worst on record in Fed study”

“US credit-card delinquency rates were the highest on record in the fourth quarter, according to a Federal Reserve Bank of Philadelphia report. Almost 3.5% of card balances were at least 30 days past due as of the end of December,… Continue Reading…

Business, Personal Finance

“Gen Z embraces side hustles because ‘loyalty is dead’”

“…A growing number of young workers like Fischer are taking on side hustles to make extra cash, develop their skills, build their relationships and release creative energy by selling online tutorials, products and services and influencing on social media. Gen… Continue Reading…

Economy, Personal Finance

“BlackRock’s Larry Fink sees Social Security crisis, says 65 retirement age ‘a bit crazy’”

“…Worsening the outlook is a Social Security system that has said it will not be able to pay full benefits by 2034… Fink said it is worth taking a look at when Americans are expected to start accessing Social Security… Continue Reading…