Pain at the pump! How the Iran war will hit your wallet
By Lauren Young
Published on March 20, 2026.
The price of oil and gas has surged amid the U.S.-Israeli conflict with Iran, raising concerns about affordability. Young people are contributing to their workplace retirement plans at age 23 and 28, nearly a decade earlier than Gen Xers and boomers, according to a 2025 Nationwide report. The preparation is paying off, with about half of Gen Z expected to maintain their standard of living in retirement. Financial advisor Shai Gothreau suggests that building a strong financial foundation with assets that compound over time is the key for young people.
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