Inflation is causing some older Americans to delay retirement plans, survey shows

US. Inflation is causing some older Americans to delay retirement plans, survey shows

As inflation rises, many Americans are shifting life milestones, including retirement.

Some 13% of Gen Xers and baby boomers say they have postponed or considered delaying plans to leave the workforce due to soaring costs.

That’s according to a survey from the Nationwide Retirement Institute, showing a cross-generational wave of Americans canceling or postponing major events due to rising prices.

Annual inflation spiked by 7.9% in February, a new 40-year high, according to the U.S. Department of Labor, representing the cost of food, gas, housing and more

Read more @CNBC

275 views