J.R. Whelan

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21,375 appearances 574 recordings 1 series first heard Oct 2017 last heard Aug 2024

J.R. Whelan’s voice in public audio — every appearance, attributed to the second.

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Aisha Al-Muslim is our development producer.

Scott Salloway and Chris Zinsley are our deputy editors.

And Falana Patterson is The Wall Street Journal's head of news audio.

Thanks for listening.

Here's your Money Briefing for Thursday, May 16th.

I'm J.R.

Whelan for The Wall Street Journal.

Inflation ticked down to 3.4 percent last month.

And while that's significantly lower than where it was in 2022 and much of 2023, prices are still rising.

A new study looks at how that's causing many Americans to draw down their savings.

Wall Street Journal reporter Ann Tergesen will join us after the break.

Inflation has caused retirees, and those still several years away from retiring, to drain their savings at a faster pace than in previous years.

Wall Street Journal reporter Ann Tergesen joins me.

Ann, inflation has steadily come down from its recent high of more than 9%.

Why are people having to take bigger withdrawals?

What do those withdrawals numbers actually look like?

Wow, 2.5%.

For a lot of retirees, that's a sizable number.

Have the annual Social Security cost-of-living adjustments based on inflation helped?

How have retirees with fixed-rate mortgages factored into this?

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