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Americans weigh in on whether a comfortable retirement is possible in today’s economy

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Americans weighed in on whether a comfortable retirement is out of reach as experts warn of a blooming crisis. 

Florida residents gathered at the Flying Biscuit Café in The Villages on Friday and shared their thoughts on the cost of living and whether a stable retirement is unattainable amid the country’s raging inflation.

One Florida resident by the name of Lisa said that she sees herself “working and working” due to “everything” being “expensive.”

“You have to work harder, longer hours, more shifts just to cover everything,” she stressed to FOX Business’ Ashley Webster.

She went on to add that there’s “zero” ability to save. 

COST OF LIVING HINDERS YOUNGER GENERATIONS FROM SAVING FOR RETIREMENT: FIDELITY

Findings from the Allianz Life Insurance Company of North America show that U.S. households are draining their retirement savings, taking on debt and reducing the amount that they are setting aside for the future to maintain their present-day finances.

Another resident, Roger, who recently retired at the age of 80 after owning his business, said that he sees a lot of people working longer even though they may not want to.

“I see people here who are cashiers and who are working as waitresses, and people all over to get an odd job just to supplement their income,” he told Webster.

That is not the case for all Americans, as one woman who retired at 55 detailed her experience.

“I did a lot of planning to set a goal to retire early, and I was lucky to work for a good company and was able to do it,” she explained.

RETIREMENT CRISIS: GREAT RECESSION TAKES ITS TOLL ON YOUNGER BOOMERS

“We bought our house in The Villages fairly young, so that when we retired, it was paid off. So that helps,” she said.

The Village resident mentioned that her husband continuing to work allowed her to retire earlier. 

“Life is good,” she added.

Concerns regarding retirement savings have grown in recent years.

A recent survey by Northwestern Mutual suggested it would take $1.46 million to comfortably retire. 

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FOX Business’ Megan Henney contributed to this report

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Investors hope April 2 could bring some tariff clarity and relief. That may not happen

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Cliff Asness’s AQR multi-strategy hedge fund returns 9% in the first quarter during tough conditions

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Cliff Asness.

Chris Goodney | Bloomberg | Getty Images

AQR Capital Management’s multistrategy hedge fund beat the market with a 9% rally in the first quarter as Wall Street grappled with extreme volatility amid President Donald Trump’s uncertain tariff policy.

The Apex strategy from Cliff Asness’ firm, which combines stocks, macro and arbitrage trades and has $3 billion in assets under management, gained 3.4% in March, boosting its first-quarter performance, according to a person familiar with AQR’s returns who asked to be anonymous as the information is private.

AQR’s Delphi Long-Short Equity Strategy gained 9.7% in the first quarter, while its alternative trend-following offering Helix returned 3%, the person said.

AQR, whose assets under management reached $128 billion at the end of March, declined to comment.

The stock market just wrapped up a tumultuous quarter as Trump’s aggressive tariffs raised concerns about an severe economic slowdown and a re-acceleration of inflation. The S&P 500 dipped into correction territory in March after hitting a record in February.

For the quarter, the equity benchmark was down 4.6%, snapping a five-quarter win streak. The tech-heavy Nasdaq Composite lost 10.4% in the quarter, which would mark its biggest quarterly pullback since a 22.4% plunge in the second quarter of 2022.

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Stocks making the biggest moves midday: Tesla, Newsmax, Bloom Energy, On Holding, Roblox and more

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These are the stocks posting the largest moves in midday trading.

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