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Its a number so astronomically high that its hard to even conceive of, let alone really understand.
This will most impact the middle and lower classes, he told GOBankingRates.
This is something the U.S. government has become very good at, Casterline said.
Printing money can reduce the value of the currency, causing prices to rise even further.
Creating a budget and actively managing expenses can help free up funds for savings and emergency reserves.
Diversify Income Streams
Another key money move Americans can make is to build out more income streams.
You should aim to max out your retirement contributions, too.
When over the age of 50, individuals should take advantage of the catch-up contribution.
Not only will this boost their retirement savings, but [it] could possibly be tax advantageous.
Have an Ample Emergency Fund
Most every financial expert champions having an emergency fund.
Ambrose is among them and is on the ultra-vigilant side.
You should take all these steps no matter your income level and no matter what happens.
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