US printed nearly 40 percent more dollars in about two years during COVID, M2 money supply jumped from around 15.5 trillion to over 21 trillion.

Share this story

That expansion drove asset prices and everyday costs higher.
Homes food insurance and borrowing costs all reset up.
30 year mortgage rates sit around 6.7 percent near the 7 percent level.
One post notes Biden era saw high illegal immigration numbers around 11 million encounters.
AI projected to displace about 15 million US jobs over time per Goldman Sachs.

US Retirement Survey 1 in 3 have more credit card debt than retirement savings

Americans who currently contribute to a workplace retirement plan such as a 401(k) believe they will need $1.2 million in savings to retire comfortably, according to Schroders’ 2026 US Retirement Survey.

About half of them shouldn’t count on being able to do so. They’re actually on track to have less than $500,000 in savings at retirement — including 24% who say it’s unlikely they will have $250,000 set aside.

“Many participants know they’re falling short of their retirement savings goals, and it’s no surprise that more than 80% worry about running out of money in retirement,” Deb Boyden, head of US defined contribution at Schroders, a multinational asset management company, told Yahoo Finance.

 

0 views