Inflation Worries Hit Americans’ Confidence About Retirement | Global News Avenue

As a record number of people with a retirement age close to the retirement age in 2025, inflation They are squeezing their confidence in their retirement plans.

According to a recent Fidelity study, while they are confident in their retirement prospects, two-thirds of Americans say they are confident in their retirement prospects, but according to a recent faithful study, the figure is down 7 points from the same period last year, which is a rise in cost of living.

More than two-thirds or 70% of current retirees surveyed say the rise in cost of living has saved, and health care represents one of the largest sources of expenses in retirement. Most retirees say they are concerned about health care costs, and Americans are expected to spend an average of $165,000 on health care during retirement, a 5% increase from the same period last year.

Americans who are not yet retired expect that they may need to be more self-reliant in terms of retirement income than current retirees, because of concerns about whether they are worried about whether they are worried or not. Social Security Fund may be used up. According to Fidelity, more than 60% of retirees’ retirement savings will continue.

Looking back, two-thirds of retirees said they advise others to start saving for retirement as soon as possible, even in smaller increments. If they can go back in time, almost 40% of today’s retirees say they will save early, and about one in five say they will prepare for the rise in costs and inflation, the study said.