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If growth further cools, your savings strategy might need a tweak. Learn how to be prepared.
The latest government figures show the U.S. economy contracted by 0.2% in the first quarter, according to MarketWatch. This slight decline followed softer business investment and ongoing trade challenges. Although the contraction is modest, it may still have effects for people approaching retirement or relying on a fixed income. When growth slows, companies often tighten their budgets.
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