The Index of Consumer Sentiment, a closely watched economic indicator, fell to an all-time low in June 2022 before starting to improve in the second half of the year.
Considering high inflation, it’s not surprising that the percentage of retirees who said their spending was higher than expected increased in 2022 over 2021.
After record federal budget deficits of $3.1 trillion in 2020 and $2.8 trillion in 2021, the 2022 deficit is projected to drop to $1.0 trillion, due to increased tax revenue from a stronger economy and the end of government pandemic-relief spending.
Download PDF version here. Created in 1996, National 401(k) Day has historically been celebrated on the Friday following Labor Day to shine a spotlight on this important employee benefit. Since the late 1990s, plans have evolved substantially, and most participants...
After dropping the benchmark federal funds rate to a range of 0%–0.25% early in the pandemic, the Federal Open Market Committee (FOMC) of the Federal Reserve has begun raising the rate aggressively in response to high inflation.
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