Many don't earn enough to save for retirement and live paycheck to paycheck.
Many others that can save for retirement don't and will pay the price when
they wake up and find they have nothing, or very little saved for retirement.
The latter, I don't feel sorry for.
My wife and I did the...
And I'm old enough to remember when CEO pay was around 20 times the wages of the average worker. CEO pay is now in excess of 360 times the average worker pay.
Fed fund rates are 5-5.25 as of May 3rd. The fed skipped raising rates again in June but have said there will likely be 2 more interest rate increases this year . When places like fidelity are paying 5% interest on money and 3 month CD's pay 5.35% is tough to get a low loan rate.
Washington state has no personal property tax on vehicles and the yearly registration fee is $43.25.
My 2017 Grand Cherokee is registered in Indiana and is $157.35 which is made up of taxes and registration.
Fed Fund rate is currently at 4.50% - 4.75%. The Fed will likely raise rates again by .25% at the next Fed meeting, at the end of March and there will likely be more rate increases. to follow.