The Impact of Inflation on Retirement Security: Americans' Fading Dream
Almost half of Americans, 47%, believe achieving retirement security will require a miracle, with inflation being the primary culprit, according to a survey by Natixis Investment Managers. While the U.S. has improved its overall retirement security score, it fell two places to No. 20 in the ranking of developed countries. High inflation, government debt, and lower life expectancy following the pandemic contributed to the decline. The survey also revealed that 84% of respondents view inflation as a significant threat to their retirement security, and 48% expect to face tough trade-offs in retirement, such as living frugally or relying on family for financial support.