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Declining inflation may be making some savers a little more confident

By Mark Huffman Consumer News: How much money do you need to retire? Americans are lowering their goals of ConsumerAffairs
April 15, 2025

Key Takeaways:

  • The average Americans retirement magic number for 2025 is $1.26 milliondown $200K from 2024, yet still out of reach for many.

  • One in four Americans with retirement savings have only one year or less of their annual income set aside.

  • More than half of Americans fear outliving their savings, but over a third have taken no steps to prevent it.

As inflation cools, Americans expectations for what they need to retire comfortably are shifting, but the gap between goals and reality remains fairly wide. According to Northwestern Mutuals newly released 2025 Planning & Progress Study, the average magic number Americans believe theyll need to retire has dropped to $1.26 million. Thats a $200,000 decrease from 2024s $1.46 million estimate and roughly even with 2022 and 2023 expectations.

While this lower figure might reflect decreased anxiety over inflationwhich dropped from 6% in 2023 to around 3% in 2024, it doesnt mean people are feeling more secure. In fact, financial anxiety remains widespread.

A full 25% of Americans with retirement savings report having only one year or less of their annual income set aside. And more than half (51%) of Americans believe its at least somewhat likely they will outlive their nest egg, with only 16% saying its very unlikely.

Americans' 'magic number' to retire comfortably has come downbut it remains high, far beyond what many people have actually saved, John Roberts, chief field officer at Northwestern Mutual, said in a press release. He added that peoples perceptions may be adjusting as inflation expectations settle, but concern about retirement preparedness has intensified.

Retirement savings: A generation gap

The study highlights troubling disparities in retirement readiness across generations. Generation X, many of whom are nearing retirement age, appear particularly vulnerable: 52% have saved three times their current income or less, and a majority (54%) dont believe they will be financially ready to retire.

In contrast, younger generations seem both more proactive and more optimistic. Gen Z, for instance, started saving at an average age of 24, plans to retire by 61, and over a third (34%) believe theyll live to 100. Boomers, on the other hand, began saving around age 37, expect to retire by 72, and only 23% anticipate reaching the century mark.

Gen Z is the most confident generation in terms of retirement preparedness, not surprising since they have the longest time horizon. However, they may be overlooking key aspects of financial planning.

A majority (61% of Gen Z and 60% of millennials) admit they are overly focused on investing and wealth-building while neglecting protective measures like life and disability insurancestrategies boomers are more likely to embrace.

Monthly saving goals by age

For individuals aiming to hit the $1.26 million retirement target by age 65, starting age significantly impacts required monthly contributions. Assuming a 7% annual return:

  • A 20-year-old would need to save $330/month.

  • A 30-year-old would need $695/month.

  • A 40-year-old would need $1,547/month.

  • A 50-year-old would need $3,958/month.

These figures underscore the steep cost of delayed savinga challenge for those who started late or had interruptions in their financial journey.

Northwestern Mutual recommends replacing roughly 80% of ones pre-retirement income, but stresses that retirement plans should be customized. Factors such as desired lifestyle, retirement age, and living location heavily influence individual needs.

Rules of thumb are everywhere, but nothing is better than a financial plan thats personalized and custom-built just for you, said Roberts.

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Posted: 2025-04-15 11:01:05

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More News From This Category
Consumer News: Walmart’s digital price tags are here — and they could change how you shop
Wed, 01 Apr 2026 19:07:06 +0000

How this tech could impact future prices

By Kyle James of ConsumerAffairs
April 1, 2026
  • Walmart can now update prices instantly at many stores, meaning deals (and regular prices) may change faster than shoppers are used to.

  • While Walmart says its not using surge pricing, the tech allows more flexible, data-driven pricing, which has some shoppers concerned about future changes.

  • Shop smarter by scanning items in the app, grabbing good deals when you see them, and comparing prices more often since they may not stay the same all day.


Walmart has officially rolled out digital price tags across its U.S. stores, with a full rollout expected by the end of 2026. These will replace the traditional paper shelf labels with electronic ones that have the ability to update prices instantly.

At the same time, newly surfaced patents show the company is experimenting with systems that use machine learning to recommend pricing based on demand, inventory, and other factors.

Walmart says it does not use surge pricing and has no plans to automatically raise prices based on when you shop. Instead, the company says the technology is designed to improve efficiency, speed up markdowns, and help employees manage pricing more effectively.

Still, this is a meaningful shift. For decades, in-store prices were relatively static. Now, they can change in real time.

Heres what that means for your wallet along with some tips to stay ahead of the change.

Whats actually changing

The biggest difference is new flexibility for Walmart. Meaning they have way more control over when and how prices change than before.

With digital shelf tags:

  • Prices can be updated storewide in seconds.
  • Promotions can start and end more precisely.
  • Markdown timing can be more targeted.

That doesnt automatically mean prices will go up more often. In fact, Walmart says the goal is to improve pricing accuracy and reduce delays in lowering prices, especially on items like produce or seasonal goods.

But it does mean pricing could become more fluid, rather than something that stays the same all day or week.

Why some shoppers are concerned

The concern isnt what Walmart is doing today, its more with what the technology could allow in the future.

Other industries are already using dynamic pricing:

  • Airlines adjust ticket prices constantly.
  • Hotels change rates based on demand.
  • Ride-share services increase fares during peak times.

Walmart says its not moving in that direction. But the combination of real-time price tags and AI-driven pricing tools has raised questions about how pricing strategies could evolve over time.

For now, though, the bigger impact is simply that prices can change faster than before.

How to shop smarter right now

If youre used to treating store prices as fixed, its worth adjusting your approach slightly.

1. Scan items as you shop:Use the Walmart app to scan products and confirm the current price. This gives you a second reference point and helps catch any discrepancies.

2. Take a quick photo of big-ticket prices:If youre buying something expensive, snapping a picture of the shelf price can help if theres a mismatch at checkout.

3. Dont wait on good deals:If you see a strong price on something you already planned to buy, grab it. Waiting could mean missing it if pricing updates happen faster.

4. Check prices online before heading in:Sometimes Walmart.com pricing can differ slightly from in-store pricing. Use it as a benchmark before you shop.

5. Compare across retailers more often:If pricing becomes more dynamic, the gap between Walmart and competitors could shift more frequently. A quick price comparison can pay off, especially on larger purchases.

Where this could actually help you save

This isnt all downside, as digital pricing can also work in your favor:

  • Faster markdowns on perishable items like meat, bakery goods, and produce.
  • More frequent clearance adjustments on seasonal products.
  • Better timing on sales events, since prices can change instantly.

In other words, deals may show up faster but they may not stick around as long.

Smart tips to stay ahead:

  • If possible, shop earlier in the day, as many retailers push updates overnight or early in the morning.
  • Track your repeat purchases (like groceries or household items) so you can easily spot pricing patterns.
  • Stack savings whenever possible by using cash back apps, Walmart+ benefits, or credit card rewards to offset small price fluctuations.

Read More ...


Consumer News: FDA approves Eli Lilly’s Foundayo pill for weight loss
Wed, 01 Apr 2026 19:07:06 +0000

The new pill offers a needle-free option as demand for GLP-1 drugs continues to surge

By Kristen Dalli of ConsumerAffairs
April 1, 2026
  • The FDA has approved Foundayo, a once-daily GLP-1 weight loss pill from Eli Lilly.

  • It offers similar benefits to injectable drugs but without needles or strict timing rules.

  • Early data shows meaningful weight loss, but side effects and cost are still factors.


For millions of Americans, weight loss medications have typically meant one thing: injections. But thats starting to change.

The U.S. Food and Drug Administration has approved a new option from Eli Lilly called Foundayo (orforglipron), a once-daily pill designed to help people lose weight by mimicking a hormone that controls appetite and fullness.

The approval marks a major shift in the fast-growing GLP-1 market, where demand has surged but access and convenience have sometimes lagged. With Foundayo, patients now have a needle-free alternative that could make treatment more approachable for people who are hesitant about injections or looking for a simpler routine.

"People living with obesity need treatment options that meet them where they are and for many, a once-daily pill that can be taken with no food or water restrictions can offer them greater flexibility in how they approach their treatment," Deborah Horn, DO, director of the Center for Obesity Medicine at McGovern Medical School at UTHealth Houston, said in a news release.

"With Foundayo, we now have an oral option that delivered an average of 12.4% weight loss at the highest dose in clinical trials addressing both the clinical realities of obesity and the practical challenges patients face every day."

What makes Foundayo different

Foundayo works similarly to well-known GLP-1 drugs by helping regulate appetite and slowing digestion, which can lead to reduced calorie intake and weight loss.

But its biggest selling point is convenience: its taken as a daily pill and doesnt come with the same strict timing requirements as some competing oral medications.

In clinical trials, patients lost roughly 7.8% to 12.4% of their body weight over about 72 weeks, depending on the dose. Thats slightly less than whats typically seen with some injectable GLP-1 drugs, but still considered significant especially given the easier format.

Pricing may also play a role in its appeal. Foundayo is expected to cost as little as $25 per month with insurance, or around $149 for those paying out of pocket, and will initially be available through Lillys direct-to-consumer platform before expanding to pharmacies and telehealth providers.

Like other drugs in its class, side effects can include nausea, diarrhea, and vomiting, and some patients in trials stopped taking it because of these issues.

What consumers should know

While the idea of a weight loss pill may sound like a game-changer, experts say its not a magic fix. Foundayo is meant to be used alongside lifestyle changes like diet and exercise, and it requires a prescription and medical supervision.

Its also part of a broader trend: pharmaceutical companies are racing to develop more convenient versions of GLP-1 treatments as demand skyrockets. Pills like Foundayo could eventually capture a sizable share of the market, especially among people who want to avoid injections.

"Today, fewer than one in 10 people who could benefit from a GLP-1 are taking one, held back by access, stigma, perceived complexity, or the belief that their condition isn't serious enough for treatment. We believe Foundayo can help level the playing field for those living with obesity or who are overweight and living with weight-related complications," David A. Ricks, chair and CEO of Eli Lilly and Company, said in the news release.

"As a convenient, once-daily oral pill that delivers meaningful weight loss, this is obesity care designed for the real world."


Read More ...


Consumer News: Power outages are causing real anxiety — Here’s why Americans are so on edge
Wed, 01 Apr 2026 19:07:06 +0000

New data reveals how our reliance on tech is fueling stress and what you can do to feel more in control

By Kristen Dalli of ConsumerAffairs
April 1, 2026

  • Nearly half of Americans feel panic when their phone battery drops below 10%, highlighting just how tied our mental well-being is to constant connectivity.

  • Experts say the fear of power outages is largely rational, as more people rely on electricity for work, communication, and daily routines.

  • Simple steps like backup chargers, generators, and building small offline habits can help reduce anxiety and give consumers more control.


For most people, a power outage used to mean lighting a few candles and waiting it out. Now, it can feel a lot more unsettling.

As our daily lives become increasingly tied to phones, Wi-Fi, and constant connectivity, even a short loss of power can trigger real anxiety. A new study from Prepaid Electricity highlights just how deeply that dependence runs and how quickly it can impact our mental state.

According to the data, nearly half of Americans have felt genuine panic when their phone battery dips below 10%, and more than half say losing Wi-Fi is the most stressful part of an outage.

ConsumerAffairs spoke with Prepaid Electricity co-founder Nick Barber who explained whether this fear is rational, the mental toll losing power takes on many of us, tangible steps for consumers to take control of their situation, and more.

The anxiety of being disconnected

Barber explained that the mental effects of losing power arent just about the inconvenience, but instead, the anxiety associated with not being connected.

Being disconnected means not having the ability to connect with work, stripping communication and disrupting daily activities, he said. This is what creates the panic. With almost half of Americans experiencing panic with phones that go below 10%, we can see that mental well-being is related to the ability to stay connected.

Is this fear rational?

According to Barber, it is, as much of our daily lives are centered around technology and being digitally connected.

While there is pressure on the power grid from both weather and aging infrastructure, the real change, though, is the degree to which people are reliant on electricity to function, Barber said. 42% of Americans consider themselves completely or highly dependent on constant digital connectivity. This means people experience panic even with the electricity off for a short time.

Preparedness makes a difference

If youre worried about losing power, being prepared can make all the difference.

There are quick fixes that can be taken, such as the purchase of a portable charger or backup batteries, and then there are more serious fixes, such as generators, that provide more sustainable coverage, Barber said. These are important considerations, especially with half of Americans claiming to be unprepared for a three-day outage.

And if youre looking to be a little less connected to your devices, Barber recommends starting small and working your way up.

Building small habits to achieve digital independence can help to alleviate the frustration and stress of an outage, he said. This can include such aspects as having an offline copy of information, not being constantly attached to a device, and having a routine that does not require constant connection.


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Consumer News: CVS pivots, plans to open more stores
Wed, 01 Apr 2026 16:07:06 +0000

It marks a reversal from the companys recent downsizing trend.

By Mark Huffman of ConsumerAffairs
April 1, 2026
  • CVS plans to open more new retail locations than it closes in 2026, signaling a strategic pivot after years of downsizing.

  • The company is focusing on smaller-format stores and health-focused locations tied to its care delivery strategy.

  • Executives say the shift reflects changing consumer demand and a renewed emphasis on in-person services.


It turns out brick-and-mortar retail may not be headed for extinction. CVS Health is preparing to expand its retail footprint in 2026, marking a notable shift after several years of store closures aimed at streamlining operations and adapting to changing consumer habits.

The company announced that it expects to open more stores than it closes thisyear, reversing a downsizing trend that saw hundreds of locations shuttered across the U.S. since 2021. The move reflects growing confidence in its evolving retail model, which blends traditional pharmacy services with a broader health care offering.

"Pharmacists are among the most accessible and most trusted health care providers," Len Shankman, a senior executive at CVS Health, told Healthcare Finance. "We know how important it is for patients to be able to speak one-on-one with their pharmacist, have their questions answered, and seek medication advice when needed."

A new kind of store

Rather than returning to its legacy large-format stores, CVS is prioritizing smaller, more targeted locations. Many of the planned openings will be designed to support health care services, including primary care, chronic disease management, and wellness monitoring.

These locations will often be integrated with CVS-owned health care assets, such as Oak Street Health clinics and MinuteClinic services. The goal is to create community-based health hubs that complement the companys insurance and pharmacy benefit management businesses.

Industry analysts say the approach reflects broader trends in retail health care.

CVSearlier store closure program was part of a multi-year plan to reduce costs and eliminate underperforming locations. Between 2021 and 2024, the company announced the closure of roughly 900 stores, citing shifting shopping patterns and increased digital adoption.

But while foot traffic for traditional retail items has declined, demand for in-person health care services has remained strong. That dynamic is driving the companys renewed investment in brick-and-mortar locations.

Executives emphasized that the new stores will be strategically placed, often in underserved or high-growth areas, rather than densely saturated retail corridors.

Balancing digital and physical growth

The expansion does not signal a retreat from CVSdigital ambitions. The company continues to invest heavily in online prescription management, home delivery, and virtual care services.

Instead, the strategy is aimed at creating a hybrid model where digital tools and physical locations work together. For example, patients may begin care through a telehealth visit and then be referred to a nearby CVS location for follow-up services.

CVSs move comes amid intensifying competition in the retail health care space. Rivals including Walgreens, Walmart, and Amazon are all experimenting with different models to capture a share of the growing market for accessible, low-cost care.

By shifting back into expansion mode but with a redesigned store concept CVS may be attempting to differentiate itself through integration and scale.


Read More ...


Consumer News: U.S. employers hired fewer people in February
Wed, 01 Apr 2026 16:07:06 +0000

Food service and construction saw the biggest slowdown

By Mark Huffman of ConsumerAffairs
April 1, 2026
  • U.S. job openings held steady at 6.9 million in February, signaling a relatively stable but cooling labor market.

  • Hiring fell sharply to 4.8 million, marking the lowest hiring rate since April 2020.

  • Worker quits and layoffs were largely unchanged, suggesting cautious behavior from both employees and employers.


If you think its getting harder to find a job, its not your imagination. Employers have pumped the brakes on hiring.

In its latest report on job openings, the Labor Department found that hiring slowed considerably in February, even as job openings and overall separations remained relatively stable.

Employers reported 6.9 million job openings at the end of February, essentially unchanged from the prior month. The job openings rate held at 4.2%, indicating that while demand for workers persists, it is no longer expanding at the pace seen in recent years.

The more significant shift came in hiring activity. Employers brought on 4.8 million workers during the month, a drop of nearly 500,000 from January. The hiring rate fell to 3.1%, its lowest level since April 2020, during the early months of the pandemic. Compared with a year earlier, hiring is down by 387,000.

Where it was harder to find work

The decline was especially pronounced in accommodation and food services, which shed 178,000 hires, and in construction, where hiring fell by 88,000. These sectors have been among the more volatile in recent labor market cycles and are often sensitive to broader economic conditions.

Meanwhile, total separations which include quits, layoffs, and other departures held steady at 5.0 million, with a rate of 3.1%. This suggests that while hiring is slowing, employers are not broadly cutting jobs.

Quits, a key measure of worker confidence, remained unchanged at 3.0 million. The quit rate stayed at 1.9%, reflecting a workforce that is neither aggressively seeking new opportunities nor retreating sharply. Declines in quits were seen in accommodation and food services, wholesale trade, and the federal government, while nondurable goods manufacturing posted a modest increase.

Overall layoffs remained stable

Layoffs and discharges also showed little movement, holding at 1.7 million with a rate of 1.1%. However, there were some sector-specific shifts. Retail trade saw an increase of 72,000 layoffs, while nondurable goods manufacturing and the federal government recorded declines.

Other separations including retirements and transfers fell by 75,000 to 277,000.

Looking at business size, smaller establishments with fewer than 10 employees saw a decline in job opening rates, while most other labor market indicators remained stable across both small and large employers.

Overall, Februarys data paint a picture of a labor market that is stabilizing after a period of rapid expansion, with slower hiring emerging as the most notable trend.


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