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.
Similar Stories to Americans' Cost-of-living Anxiety Is Creating A Population Of Oversavers on Bing News
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.
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Vice President Kamala Harris and former President Donald Trump entered the final stretch of the 2024 election campaign.
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As Election Day approaches, supporters of both Donald Trump and Kamala Harris are on edge as they fear for America's future.
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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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