Getty Images; Chelsea Jia Feng/BIA lot of Americans are saving way more than they need to.That's largely due to anxiety about higher costs of living, especially in retirement, experts told BI.Many high-income Americans are hoarding cash and trying to cut costs anywhere they can.Being thrifty is a full-time job, one self-professed frugal spender told Business Insider.
Americans' Cost-of-living Anxiety Is Creating A Population Of Oversavers
jsor@businessinsider.com (Jennifer Sor), Business Insider
Sun, 11/10/2024 - 2:00am
BING NEWS:
- Americans' cost-of-living anxiety is creating a population of oversavers
Many Americans are hoarding cash as they worry about higher costs of living. It might not be the best move for financial well-being.
11/9/2024 - 8:10 pm | View Link - Harris and Trump make final push in battleground states ahead of 2024 election
Vice President Kamala Harris and former President Donald Trump entered the final stretch of the 2024 election campaign.
11/4/2024 - 9:06 pm | View Link - Trump’s Gains With Pennsylvania Latinos Are Real. Maybe Enough to Withstand ‘Island of Garbage.’
The Trump campaign has made an audacious play for the fast-growing Puerto Rican and Dominican population in eastern Pennsylvania. It’s paying off.
11/4/2024 - 9:00 am | View Link - Hope, fear, anxiety: Trump, Harris voters on edge as Election Day looms
As Election Day approaches, supporters of both Donald Trump and Kamala Harris are on edge as they fear for America's future.
10/31/2024 - 10:13 pm | View Link - 3 in 5 Americans Say They Have No Clue When They Will Run Out of Money in Retirement
This number tells us that more needs to be done to educate people on creating a concrete retirement ... which no doubt affects the cost of living. Therefore, you’d want to ensure a cushion ...
10/25/2024 - 10:30 pm | View Link - More
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