Savings & Retirement
Americans Fall Further Behind on Retirement Savings as Inflation Bites
A new survey found that 55% of people feel they haven’t saved enough, and inflation is preventing them from doing so.
A couple walks to the entrance of the Legion of Honor in San Francisco.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
More Americans are falling behind on retirement savings, and inflation is making it even harder to catch up.
A new survey by Bankrate found that 55% of respondents feel their retirement savings are behind where they need to be, up from 52% last year. Among those putting aside the same or less than they did in 2021, more than half said rising prices are holding them back from saving more.