✉news BusinessPersonal Finance first seen 18 h ago, last 17 h ago, peak #29
Americans' Retirement Plans Take a Hit As Cost of Living Bites
Original: Americans’ Retirement Plans Take a Hit As Cost of Living Bites
Rising living costs are forcing many Americans to scale back or rethink their retirement plans, according to a Newsweek report. With everyday expenses such as housing, food and healthcare climbing, savers are finding it harder to set money aside for later life, and some are dipping into retirement funds early to make ends meet.
Why now: Ongoing inflation and cost-of-living pressures are making retirement security a pressing personal finance concern for many Americans.
Evidence
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