Spending Slowdown Lower-income households have been hit harder by the high price environment of the past years. While wealthier households had the opportunity to downshift to cheaper grocery stores or store brand products, for example, those with less income may not have had that opportunity. Economists have characterized the economy as “bifurcated” or “two-speed” to…Read more
Estimated reading time: 3 minutes Never Too Soon to Start It’s never too soon to start saving for retirement — and there’s data to prove it. Nearly half of Americans (45%) who stop working at age 65 are at risk of running out of funds in retirement, per a Morningstar (MORN) report. But the research also reveals…Read more
Estimated reading time: 3 minutes Pumped Down Gas is getting cheaper. The average price for a gallon of gas was roughly $3.37 at the end of last week, down from $3.85 a year earlier, per AAA data. But that’s not all of it: The trend may just continue. Tailwinds and Tail Risks Gas prices are highly correlated…Read more
