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Inflation and family caregiving squeeze retirement plans

According to the study, 78% of pre-retiree respondents expressed concern over inflation’s effect on their retirement income.

By Henry Craver | January 07, 2025 at 11:59 AM

A number of different factors are putting stress on the finances of retired and pre-retiree Americans. According to a new report from the Society of Actuaries Research Institute, retirees are less likely to report being “better off than expected” in 2024 than in 2021. The study also shows that pre-retirees are more conscious of unplanned financial events than before.

The most recent biennial Retirement Risk Survey, which surveyed 2,012 Americans aged 45-80, points to a number of factors changing retiree and pre retiree expectations and savings plans.

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