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Nervous Retirees Are Too Scared to Spend
Even rich Americans worry about living the good life and running short of cash.
26 Aug 2019, 10:57 AM IST
(Bloomberg Businessweek) -- The U.S. economic recovery, the longest in recorded history, has increased Americans’ wealth by $52 trillion, according to the Federal Reserve. Wall Street is bursting with new money. U.S. stocks trade near record highs. Private equity firms search high and low for places to deploy more than $1 trillion of investor cash. Banks, enjoying a glut of deposits, pay savers interest rates that are minuscule fr...
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