Affluent Americans are driving US economy and likely delaying need for Fed rate cuts

business2024-05-21 14:28:358

WASHINGTON (AP) — Since retiring two years ago, Joan Harris has upped her travel game.

Once or twice a year, she visits her two adult children in different states. She’s planning multiple other trips, including to a science fiction convention in Scotland and a Disney cruise soon after that, along with a trip next year to neolithic sites in Great Britain.

“I really have more money to spend now than when I was working,” said Harris, 64, an engineer who worked 29 years for the federal government and lives in Albuquerque, New Mexico.

Back then, she and her now-ex-husband were paying for their children’s college educations and piling money into savings accounts. Now, she’s splurging a bit and, for the first time, is willing to pay for first-class plane tickets. She plans to fly business class to Scotland and has arranged for a higher-level suite on the cruise.

Address of this article:http://fiji.izmirambar.net/html-11d499575.html

Popular

Siblings trying to make US water polo teams for Paris Olympics

Xi Presents Certificate of Order to Promote Military Officer to Rank of General

Xi Inspects Combat Readiness of Armed Forces

Xi Congratulates Bob Dadae on Re

The fightback begins: Boss of London's Queen Mary University tells pro

Xi Presents Certificate of Order to Promote Military Officer to Rank of General

Xi Meets Putin via Video Link

Chinese, Vietnamese Leaders Exchange Spring Festival Greetings

LINKS