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…

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