The Covid pandemic has been a burden for many. However, a recent survey by Northwestern Mutual found that it has disrupted the retirement plans of 35% of Americans. The poll found that 24% of people surveyed said they now plan to retire later. The pandemic has also created other issues including inflation. Experts say their optimism surrounding economic recovery is now fading due to increased labor shortages and supply chain disruptions.
Pandemic has disrupted retirement plans for 35% of Americans, study finds
The Covid-19 pandemic has been a financial boon for some and a catastrophe for others.
Now those effects are showing up in one more place: anticipated retirement dates.
The pandemic has prompted 35% of Americans to change the age when they anticipate retiring, a recent survey from Northwestern Mutual found.
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Fox Business/Megan Henney
Labor shortage, supply disruptions weighing on US economic outlook, CFOs say
Optimism about the U.S. economy’s recovery from the coronavirus pandemic is fading as the turnaround faces mounting headwinds from both a labor shortage and supply chain disruptions, according to a survey of American CFOs.
The CFO Survey, a collaboration of Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta, shows that finance chiefs’ optimism about the economy and their own firms’ financial prospects has moderated.
That’s in part because a majority of CFOs are coping with dual crises – a lack of available workers and a global supply chain crisis – that are forcing them to take on more costs.
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Kitco News/Jim Wyckoff
Gold, silver hit 4-wk highs, more upside price action likely
Gold and silver prices are posting modest gains in early U.S. trading Thursday and hit four-week highs overnight. The metals are being propelled higher by improving near-term chart postures, the U.S. dollar index backing down from its recent high, and by notions that inflation will become more problematic in the coming months. December gold futures were last up $2.60 at $1,797.30. December Comex silver was last up $0.115 at $23.28 an ounce.
Global stock markets were mixed but mostly higher in overnight trading. The U.S. stock indexes are pointed to higher openings when the New York day session begins. U.S. corporate earnings reports are featured this week.
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