The labor market and consumer spending have remained resilient despite the rate hikes (the last one in July), but a resumption of student-loan payments next month will take discretionary spending power out of consumers’ hands.
These higher levels of debt, matched with continuing high levels of inflation, may be signal that Americans are still struggling in an economy that otherwise seems to be improving.
A new study breaks down how the Great Recession changed the retirement savings trajectory of late boomers.
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