Report: Majority Have Reduced, Stopped Retirement Contributions Due To Inflation

Published On: October 31st, 20220.4 min readCategories: Covid-19, Featured, Latest Headlines, Local News, News

(Minneapolis, MN)  —  A majority of people have either reduced or stopped contributions to their retirement due to inflation.  That’s according to a new report from the Allianz Life Insurance Company, which puts the number at 54-percent.  Meantime, 43-percent have taken money from a retirement account to make ends meet.  The report comes as the Federal Reserve is expected to raise interest rates once again next week in a bid to fight inflation.

Share This Story!