Tag: saving rate
COVID has worn Americans down emotionally. But it might be eating away at their financial reserves too – at least for some people. As the pandemic has dragged on, many people said in newly released surveys that they are more anxious about their finances and feel that their savings are wearing thin. We won’t get…
If rates continue to hover around zero, people will need to save large amounts. The pandemic and ensuing recession have exacerbated the challenge of saving for retirement. Real interest rates, as measured by the difference between nominal returns on 10-year Treasuries and the Cleveland Federal Reserve’s inflation expectations, fell by half a percentage point in…