While Americans say their main economic concern is inflation, many are not properly prepared to address the potential risk it could have on their retirement plans, according to a new study.
Data collected by the Allianz Life Insurance Company of North America showed many plan to address their concerns regarding inflation by being “more frugal.”
“Although it may be an option for managing expenses, frugality is not a financial strategy that will mindfully and effectively address the rising cost of living throughout retirement, especially one that could last 30 years or more,” Allianz Life Vice President of Consumer Insights Deb […]
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