Browsing Tag
Inflation
113 posts
Inflation is the rate at which the general level of prices for goods and services rises over time, reducing the purchasing power of money. It means that each unit of currency buys fewer goods and services than before. Inflation is usually measured as an annual percentage and can result from increased demand (demand-pull), higher production costs (cost-push), or expansion of the money supply. Moderate inflation is normal in a growing economy, but high or unpredictable inflation can hurt savings, investments, and overall economic stability, while deflation (the opposite) can also be harmful.
Worker Financial Stress Increases, But So Do Retirement Contributions
BrightPlan’s 2022 Wellness Barometer Survey finds a significant increase in employee financial stress since compared to last year, but most say they have increased contributions to retirement accounts
MAJOR Retirement Savings Disconnect
Working Americans say they will need about $1,100,000 in savings to retire comfortably–but roughly half say they will have less than $500,000 saved
Inflation Impacting Short-Term Financial Decisions, But Not Retirement Contributions
New York Life’s latest Wealth Watch survey finds Americans making changes to spending habits to maintain or increase contributions to retirement savings
The Impact of (More) Inflation on 401(k) Investments
If excessive money is not taken out of the economy with taxes, inflation will escalate beyond control
Inflation Still Greatest Threat to Retirement
More than 71% of Americans worry about inflation's impact on current lifestyle, retirement
Inflation, Interest Rates Fuel Retirement Income Stream Worries
Investors say inflation will impact ability to live comfortably in retirement
2023 Social Security COLA Estimate Spiking with Inflation
The Senior Citizens League’s Mary Johnson ups her cost of living adjustment estimate from 7.6% to 8.9% after March CPI data shows the fastest rise in inflation since 1981
Americans Strive for New Normal in Retirement Planning
Fidelity’s annual retirement study shows that in a post-pandemic world investors may still have concerns, but they want to rebuild their retirement plans
Senior Americans Feel Retirement Heat
Citing inflation, the pandemic and lack of employer support, seniors are looking for retirement help–and worry about future generations
2023 Social Security COLA: Another Major Increase Likely
VERY early 2023 projection from The Senior Citizens League shows next year’s cost of living adjustment could far eclipse 2022’s 5.9% increase