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55% Of Americans Say They’re Behind On Retirement Savings

Inflation has managed to affect all of our lives in one way or another. Now, it has also begun to affect people’s retirement plans. A majority of Americans have reported that they have not been able to keep up with their retirement savings, even though around three in five Americans are contributing the same or even more than they were last year.

A Bankrate survey has revealed that 55% of Americans believe their retirement savings are not where they would like them to be. Around 35% say they’re “significantly behind,” and another 20% report that they’re “somewhat behind.”

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This post originally appeared at Finance Quick Fix.