Savings & Retirement
Inflation Is Dashing Retirement Plans as Investors Wake to Reality of Price Surges
A new report says higher costs are causing many to downsize visions of a comfortable life after their careers end.
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Almost half of affluent investors in the US say inflation is “killing their dreams of retirement,” according to the 2023 Natixis Global Survey of Individual Investors.
Even though the rate of inflation has cooled since hitting a four-decade high in mid-2022, 84% of respondents said the surge in recent years woke them up to just how big a threat inflation is to future income and savings. Many of those surveyed, all of whom have at least $100,000 in investable assets, fear they won’t be able to work long enough to overcome the hit to their finances and their retirement plans.