Mohamed El-Erian warns inflation isn’t dead; urges Fed to prioritize beyond employment… Rising costs and retirement insecurity threaten financial stability.

Rising housing costs and retirement insecurity threaten financial stability for many American households.

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.

https://www.morningstar.com/news/business-wire/20240729211475/morningstar-retirement-launches-new-morningstar-model-of-us-retirement-outcomes