Get the Facts: Kamalanomics and Retirement
The amount of money Americans need to retire comfortably has skyrocketed under President Biden and VP Kamala Harris’ leadership. This has led many Americans to delay or even consider foregoing a traditional retirement altogether. More than 25% of non-retired investors estimate they will likely be forced to return to the workforce at some point post-retirement due to inadequate savings if they were to attempt to retire within the next year. That’s not even considering the 19% that doubt they will ever be able to save enough to retire. So, what can we do to fix this? For starters, we need to lower the cost of necessities. Kamalanomics has been a disaster for the economy as nearly every American has acknowledged. The cost of staple grocery items such as eggs, milk, and meat have nearly doubled or in some cases more than doubled. Aside from that, housing, taxes, gas, cars, and other everyday expenses have continued to rise nationally, and some communities have been hit substantially harder. Americans who have worked hard their whole lives, remained diligent, and saved what they could ought to be able to achieve retirement. It’s time to fix this economy so everyday Americans can get back to achieving that goal.
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