Democrats Policies Target Elderly Americans In WORST Way Possible
(AmericanProsperity.com) – Inflation is hitting Americans hard. Many are struggling to pay for food on top of their rent and fuel costs, and the problem has reached a point where it’s forcing some people to put off retirement. Many are giving up on the idea altogether.
A recent survey from the Bank of Montreal (BMO) found that a quarter of Americans are currently delaying their plans to retire. The culprit? Inflation. BMO conducted the poll between March 30 and April 25.
25% of Americans are delaying retirement due to inflation, survey finds https://t.co/VC5X9xXnrt
— CNBC Politics (@CNBCPolitics) June 1, 2022
The survey also found that price increases have forced around 21% of respondents to reduce the amount of money contributed towards their retirement, while another 36% have had to reduce their overall savings.
The head of consumer strategy at BMO, Paul Dilda, called the current inflation levels intimidating, adding that people currently in retirement and those nearing it likely didn’t consider price increases this extreme back when they were planning their futures. Still, CNBC reported the age group most impacted by inflation are Americans in the 18 to 34 group, noting that nearly two-thirds of them have had to reduce the amount of money they’re saving.
Inflation isn’t just changing how Americans live their day-to-day lives anymore; it’s also impacting how they’re going to live years from now as well. It’s time to address the issue.
~Here’s to Your Prosperity!
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