(Bloomberg) — Outstanding economists Larry Summers and Mohamed El-Erian have joined a gaggle of their friends in criticizing Fitch Scores’ determination to downgrade the US given indicators of resilience on the planet’s largest financial system. Most Learn from Bloomberg Former Treasury Secretary Summers stated that whereas there are causes to be involved concerning the long-term trajectory of the US deficit, the nation’s capability to service its debt has by no means been in query. El-Erian, chief financial advisor to Allianz SE, stated the downgrade was an “unique transfer” that was unlikely to have an effect on the markets. “The notion

How a lot financial savings does the common 70-year-old have? A part of planning for retirement includes deciding how a lot to avoid wasting and make investments so you possibly can benefit from the sort of life-style you need. Setting a financial savings aim by age could be a good technique to arrange your technique and gauge how you will monitor progress towards your objectives. You may additionally be keen on how a lot the common retiree saves at age 65, 70, and past. On this article, we are going to deal with how a lot the common particular person