Reported 8 months ago
US Treasury Secretary Yellen stated in an interview that she does not see signs of an economic recession in the US, but surveys show that American women have only one-third of the retirement savings compared to men, indicating a potential retirement crisis for women. A survey by KPMG also revealed that Americans are planning to cut back on dining out, traveling, and entertainment this summer as housing costs continue to rise, reflecting ongoing inflation and financial challenges, forcing many to reevaluate retirement plans. Rising living costs have led to reduced consumer spending, impacting both renters and homeowners significantly.
Source: YAHOO