Retirement is a key part of most Americans' plans, and many are saving via 401(k)s and IRAs. However, different generations save in different ways, and the focus on saving shifts throughout the years.
Buying power is a key part of the American economy, and inflation causes pressure on that buying power. With individual dollars now buying fewer goods and services, many consumers are taking a hard look at their finances to see where they can save, resulting in less spending on nonessential goods.
Investing is always a risk. You put your hard-earned money into an account that you hope will grow over time. However, as seen in 2008, the market can be quite unstable and unpredictable, so making wise investment choices is important.
It's hard to look into the future with any clarity, but one thing's true for every person: planning now helps create a stable foundation for finances during retirement. Part of that plan might include investing in gold, which is one retirement asset you can reasonably expect to grow in value and pay out as expected.