Estimated reading time: 3 minutes Home Prices Hit New Highs U.S. home prices hit an all-time high in June, a tough pill to swallow for prospective home buyers as the housing unaffordability crisis is continuing. But there is some light at the end of the tunnel. For one, the Federal Reserve is expected to cut interest rates…Read more
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
