More than half, or 54%, of adults said they had stopped saving for retirement or reduced their contributions because of inflation.
, is not exactly America's forte, and a survey shows that soaring inflation is making it even harder for people to put money away for retirement.
To be sure, many Americans have struggled to set money aside long before the ongoing bout of inflation.Mind the gap Inflation and other factors"are escalating what people estimate they'll need to retire comfortably. So we're seeing people push out the age at which they expect to retire, and more saying they're not sure they'll be ready when the time comes," he added.
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