A growing number of Americans are concerned about rising unemployment, with 66% expecting it to increase in the next 12 months, according to data from the University of Michigan analyzed by the Bank of America Institute. Financial experts recommend adjusting budgets to account for inflation, such as increasing grocery allowances due to higher prices. For savings, high-yield money market funds or short-term CDs are suggested due to their minimal risk and decent returns. Investments should focus on safer assets like bonds. For those without savings, tracking expenses and cutting unnecessary costs can help build an emergency fund. Automating savings, even in small increments, is advised to steadily accumulate funds over time. — news from Star Tribune
