Americans describe the impact of the US economy on their retirement plans

Americans describe the impact of the US economy on their retirement plans

Article Excerpt: "...Americans weighed in on whether a comfortable retirement is out of reach as experts warn of a blooming crisis.

One Florida resident by the name of Lisa said that she sees herself "working and working" due to "everything" being "expensive."

"You have to work harder, longer hours, more shifts just to cover everything," she stressed to FOX Business’ Ashley Webster.

She went on to add that there’s "zero" ability to save. ..."

Resource: www.foxbusiness.com

Inflation 2024,

Core Inflation Continues to Slam Retirees | CPI for May Shows Reduction

Inflation Dropped to 4% in May—But the ‘Biggest Risk' Is That Core Inflation Prices Will Remain

Article Excerpt: "..."The journey to 2% inflation has been stuck in a holding pattern," says Greg McBride, chief analyst at Bankrate, citing core prices that have risen steadily for several months. This "sticky" core inflation is the result of "an imbalance between demand and supply," with too many dollars chasing too few goods, says McBride. ...Shelter costs account for nearly a third of the CPI, and rose by 0.6% in May. ...other housing-related expenses like property insurance, maintenance and property taxes are still rising, says McBride. "

Resource: www.nbcnewyork.com

Core Inflation vs CPI, CPI May 2023, Inflation Continues to Pound Retirees Under Biden Economy,