Retirement crisis looms as Americans struggle to save
The number of US workers in the labor market over the age of 75 is expected to nearly double over the next decade, creating a looming retirement crisis.
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savings
Americans are hoarding cash: Savings rate hits its highest level since 1981
The United States government’s Bureau of Economic Analysis reported Thursday morning that the savings rate surged to 13.1% in March — up from 8% in February. That’s the highest savings rate since November 1981. Americans had $2.17 trillion in savings last month.
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