Stop Saving for Retirement Due to Inflation?

With inflation at a 40-year high, 54% of Americans say they have either paused or reduced saving for retirement, according to the 2022 Allianz Life Insurance Company of North America survey. Among those who responded, millennials were the most likely to state they have stopped or reduced retirement savings because of inflation (65%), compared to boomers (40%) and Gen Xers (59%). Read Full Article »