Friday, June 24, 2022
A quarterly survey conducted by BMO Real Financial Progress Index reports that 25% of Americans reporting plans to delay retirement due to inflation, and 60% of those between 18-34 have pulled back on savings contributions due to rising costs.
Overall, 21% of Americans are putting away less for retirement and 36% have reported reducing their savings as well.
For more information:
See Dan Grossman, “Survey: 25% of Americans are delaying retirement due to inflation,” KGUN 9 Tucson June 22, 2022.