05 November 2022

Most People Say They’ve Reduced or Stopped Saving for Retirement Because of Inflation

Sad empty piggy bank
Smit / Shutterstock.com

Saving enough for retirement is no easy feat, and a new survey indicates eye-popping inflation is making it much more difficult. More than half of Americans (54%) say they have cut back on retirement contributions or stopped saving entirely, according to a survey of 1,004 people from insurance company Allianz Life. The grim reality is a direct result of the highest levels of inflation in four...



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