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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

“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…

Economy

“59% of Americans wrongly think the U.S. is in a recession, report finds”

“Citing higher costs and difficulty making ends meet, 3 in 5 Americans falsely believe that the U.S. is currently in a recession, according to a recent report. Economists have wrestled with the growing disconnect between how well the economy is doing and… Continue Reading…

Economy

“Americans’ refusal to keep paying higher prices may be dealing a final blow to US inflation spike”

“…Some of America’s largest companies, from Amazon to Disney to Yum Brands, say their customers are increasingly seeking cheaper alternative products and services, searching for bargains or just avoiding items they deem too expensive. Consumers aren’t cutting back enough to… Continue Reading…

Business, Economy

“Is college worth it? Poll finds only 36% of Americans have confidence in higher education”

“…Overall, only 36% of adults say they have a “great deal” or “quite a lot” of confidence in higher education, according to the report released Monday by Gallup and the Lumina Foundation. That confidence level has declined steadily from 57%… Continue Reading…

Economy

“36% of Americans plan to take on debt for summer travel. Here’s why that worries financial experts”

“… …” https://www.cnbc.com/2024/06/29/some-american-plan-to-take-on-debt-for-summer-travel.html This is a bad idea. Now is the time to reduce debt not stack it.

Economy

“Americans Have More Investment Income Than Ever Before”

“Lynn Hogan and her husband jokingly call themselves “the turtles” after methodically investing for decades. In the current race against inflation, which has made trips more expensive and $200 grocery bills not uncommon, the mostly retired educators are among those keeping… Continue Reading…

Economy

“Americans are down on the economy (again), with inflation topping election concerns”

“…Consumer sentiment, a gauge of Americans’ economic perceptions, is at a six-month low, according to a closely watched index by the University of Michigan. The measure notched its biggest drop since 2021, reflecting the persistent tug of inflation on household… Continue Reading…

Economy

“A record 4.1 million Americans may retire this year: Financial planners say they should take these 5 steps”

“3. Delay Social Security…” https://finance.yahoo.com/news/record-4-1-million-americans-120000058.html That’s all you need to see from this article. This comment is so stupid its evil. Make no mistake this level of stupidity is evil. I’m going to tell you why this is evil. If… Continue Reading…