Michael Nagle/Bloomberg/Getty Images If Americans don’t expect inflation to eventually decline, it could usher in an era of permanently higher prices. Washington CNN This month, American sentiment has deteriorated, mainly due to stock market fluctuations. The latest consumer survey from the University of Michigan showed sentiment is down 6% this month, according to the final …
A new report shows that as inflation and higher interest rates take a financial toll, fewer Americans will be dipping into their emergency funds this year. Most financial professionals recommend setting aside at least six months of expenses, or more if you are the sole breadwinner or run your own business. Americans are finding it …
You’ll need money in retirement to cover your bills outside of Social Security. These monthly benefits will only replace about 40% of your pre-retirement income if you earn an average salary. If you prefer not If you’re facing a 60% pay cut in retirement, then saving for yourself is crucial. And you can do it …
Half point images | Instant | Getty Images Saving for retirement is one thing, achieving your goals in your golden years is another. This is where the worry sets in. Among older workers, only 34% of baby boomers and 26% of Gen Xers believe they are on track with their retirement savings, according to a …