Stretching Your Dollar: What to Know About Saving for Retirement
A new study from Bankrate found that 56 percent of Americans feel they are behind when it comes to retirement savings. Tyler Bond, research director at the National Institute on Retirement Security, joined 'Stretching Your Dollar' to provide a roadmap for people to begin adequately saving for life after retirement.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.