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Inflation at a 40-year high. Economic uncertainty. Rising interest rates and housing costs. Retirement accounts and 401(k)s on a roller coaster. Lingering concerns about COVID-19. The list of financial worries, both current and long-term, seems to grow every day for average working Americans.
The upshot? Nearly seven in 10 of us say we are “very” or “somewhat” worried about the possibility of a recession by the end of next year, according to a recent Bankrate survey.
Andy Banducci is the SVP of retirement and compensation policy at The ERISA Industry Committee (ERIC), a nonprofit, Washington, D.C.-based organization that represents the largest employers in the … Read full bio
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