The double-whammies of inflation
According to Bankrate research, more than two-thirds say they’re saving less for emergencies because of inflation.
Additionally, incomes are failing to match rising inflation, as more than half of employed adults said their income has not kept up with the increases in household expenses. Plus, for those who’ve delayed retirement savings to make ends meet, Even a modest pullback in retirement contributions could come with a major cost.Photo credits: Getty Images
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