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.

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US businesses that rely on Chinese imports express relief and anxiety
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
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