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Rising consumer prices are hurting many Americans right now. They could also cause pain for savers long after the highest inflation in four decades subsides.
Nearly half of U.S. adults who have been squirreling away for retirement stopped feathering their nest eggs last year due to soaring costs for everything from groceries and rent to monthly credit card and utility bills and mortgages. One in three adults dipped into retirement savings to make daily ends meet.
Lynnley is a business journalist who previously worked for Bloomberg, The New York Times, Newsweek and The Boston Globe. She spent seven years in the 1990s in Russia, where she covered energy and … Read full bio
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From emergency savings to retirement and AI-powered advice, employers are rethinking financial wellness as workers struggle to keep up with rising costs.
U.S. workers say retirement is getting harder to afford, raising questions about how organizations can help workers save, understand their benefits, and plan ahead.
