More than half of people between the ages of 18 and 34 said they’ve had to reduce contributions to their savings.
About 25% of Americans will need to delay their retirement due to inflation rising, a new survey showed.It found that, due to prices rising on everyday products, younger people’s retirement funds will be affected the most.
About a third of Americans have reduced how much money they put into their savings and about one-fifth have reduced their retirement savings, according to the survey. Experts who were part of the survey recommend people seek advice from a financial expert on how to successfully manage personal finances and maintain momentum toward their financial goals.
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