Apr 20, 2023
Recent surveys have shown that Americans are feeling more financially stressed due to inflation, economic instability, and lack of savings. People are unsure about creating a budget, where to invest their money, and how to save for retirement. Some worry that their savings won't last and that they will have to rely on credit cards and debt. In today’s episode, we’re going to discuss some of these prominent stressors and the importance of taking action with your retirement plan in the midst of uncertainty.
Over the course of this episode, we'll explore a wide range of topics. We'll analyze the latest inflation rates, dissect some subcategories in the CPI report, review recent studies on financial stress in America, and address the concerns about the U.S. potentially losing its reserve currency status to China. Ultimately, Nancy will discuss why it’s more important than ever to pay attention to your financial decisions in today’s economy.
Here’s some of what we’ll discuss in this episode:
- What surveys are showing about financial stress in America. (1:45)
- Inflation rates slowed down in March. (3:19)
- Reviewing some subcategories in the CPI report. (6:03)
- The importance of sticking to your retirement plan even with these current pressures. (9:59)
- The fear that the U.S. will lose its reserve currency status to China. (12:13)
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