good morning! I’m Daniel de Visé from Daily Money.
Esther Malkin is dipping into her savings to pay rent. Mike Dedivitis used his retirement account to pay for repairs on his pickup. Kerrigan Rosado bakes bread to save a few dollars at the grocery store.
American consumers have a hard time remembering a time when inflation wasn’t on their minds. My colleagues and I asked six American consumers how they were coping with price increases. Here’s what they said:
Is the new retirement benefit “magic number” out of reach?
New research reaffirms old contradictions in retirement planning. American workers believe they need more than $1 million in savings to retire comfortably, a goal most workers don’t expect to achieve.
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Age 62 is the earliest age most Americans can claim Social Security. It’s also the most popular age to claim retirement benefits.
But is 62 the best age to claim Social Security?
Daniel de Visse covers personal finance for USA TODAY. Daily Money breaks down complex consumer and financial news. Subscribe here.
