⚠️US FOOD INFLATION IS BACK⚠️
Food prices rose by 0.4% in Sep, the biggest jump since February 2023.
5 out of the 6 major grocery store food group prices increased with eggs jumping as much as 8.4%.
Over the last 4 years, food prices SKYROCKETED 22.5%👇t.co/OAcZin2MlG
— Global Markets Investor (@GlobalMktObserv) October 15, 2024
Rising housing costs and retirement insecurity threaten financial stability for many American households.
Latest Median Household Median Income Data
The latest data on median household income was released, showing an 8.1% increase in 2023, bringing the median household income to $80,610.
Even at an excessive housing cost burden, where borrowers spend 30% of their pre-tax income,… pic.twitter.com/0iwYAV6R5W
— Reef Insights (@ReefInsights) October 15, 2024
About 45% of Americans who leave the workforce at 65 are likely to run out of money during retirement, per Morningstar's Center for Retirement and Policy Studies
— unusual_whales (@unusual_whales) October 15, 2024
According to Morningstar’s Center for Retirement and Policy Studies, their 2024 model predicts that approximately 45% of American households will run short of money in retirement
. The report also highlights that about 55% of single females may be at risk in retirement, compared to 41% of couples and 40% of single males.