Kia McCallister, director at America Saves, joined Cheddar News to talk about how families and individuals can prepare for retirement, and more specifically, for their long-term care needs. According to the 2022 Planning and Progress Study by Northwestern Mutual, Americans, on average, need at least $1 million to retire comfortably. McCallister talked about a number of affordable and accessible options that are currently available for aging seniors.
The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Thursday, leaving its previous estimate unchanged.
