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To beat inflation, shop and save smarter
There’s some good news on the economic front: wages are rising. Yet here’s the bad news: for workers, these increases are just barely keeping pace with inflation. Retirees on Social Security face an even tougher predicament: Their increases in monthly income have lagged behind the rise in cost-of-living expenses. Among boomers on either side of the retirement transition, those who don’t cut their spending will find themselves just treading water, without extra money to save for—or live comfortably in—retirement…Read More
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