Social Security Report

Inflation Forcing Cut in Savings Progress–Wonder What the Impact will Be on Retirement Financing?

A recent GOP Ways and Means Committee post concerning the impact of inflation on American families presents a chilling recap of changes to the financial health of those families, including a comment that “Roughly 41 percent of Americans are contributing less to their savings, with 38 percent reporting they have less than $1000 in savings.” With the absence of financial resources available to supplement Social Security, one wonders what the impact will be long-term for future retirees? Read the full text of the post here…

The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or socialsecurityreport.org.