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Peak Boomer? US Faces Growing Crisis as Older Americans Lack Savings to Retire

Many older Americans fear they do not have enough money saved to comfortably retire, and millions have no savings at all. The startling finding was revealed this week in a study by the group AARP, a political interest group representing older and retired Americans.

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Consumer Spending Habits Are Helping to Ease Inflation in the US

In June 2022, the COVID-19 pandemic saw the 12-month US inflation rate hit a 40-year high at 9%, after averaging 2.2% between 2000 and 2020.

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A Worrying Sign: US Wholesale Inflation Accelerated in January

On Friday, the US Labor Department reported that its producer price index (PPI) -which is used to track inflation before it reaches consumers -rose 0.3% between December and January (an annual increase of 0.9%) after falling -0.1% from November to December.

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Official Exchange Rate Closes Week At N1,537 96/$1 Amidst Surging Inflation - Business

Official Exchange Rate Closes Week At N1,537 96/$1 Amidst Surging Inflation - Business
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Here to Stay : Higher Prices for Some Goods Permanent Reality of Biden Economy

President Joe Biden’s plans to tout his stewardship of the US economy during his reelection campaign hit a snag yesterday when it was revealed that year-on-year core inflation stood at 3.9% through January. Now one economist warns that the prices of many basic goods will likely remain high even if inflation slows.

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