Planning for retirement while costs of living rise

Kerry Hannon News

Planning for retirement while costs of living rise
Retirement SavingsRetirementCost Of Living
  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 22 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

As inflation has driven a rise in the overall cost of living, more people are having difficulty saving for retirement. May's Consumer Price Index (CPI...

As inflation has driven a rise in the overall cost of living , more people are having difficulty saving for retirement. May's Consumer Price Index report saw

So, you know, we have even with the latest report, medical expenses are still up, food is still up, you know, housing even above your mortgage. If your employer is automatically enrolling you in a retirement plan and whisking your money pre-tax into these plans, you're probably not doing anything. So even as these pressing bills really, you know, gnaw at you, this is coming out and you can ramp that up as you go along.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

YahooFinanceCA /  🏆 47. in CA

Retirement Savings Retirement Cost Of Living

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US inflation cooled in May in a sign that price pressures may be easingUS inflation cooled in May in a sign that price pressures may be easingWASHINGTON (AP) — Inflation in the United States eased in May for a second straight month, a hopeful sign that a pickup in prices that occurred early this year may have passed.
Read more »

US inflation cooled in May in sign that price pressures may be easingUS inflation cooled in May in sign that price pressures may be easingWASHINGTON (AP) — Inflation in the United States eased in May for a second straight month, a hopeful sign that a pickup in prices that occurred early this year may have passed.
Read more »

U.S. inflation cooled in May in sign that price pressures may be easingU.S. inflation cooled in May in sign that price pressures may be easingThe trend, if it holds, could move the Federal Reserve closer to cutting its benchmark interest rate from its 23-year peak
Read more »

Gold price holding gains as U.S. consumer confidence rises to 102Gold price holding gains as U.S. consumer confidence rises to 102The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »

The Bureau of Labor Statistics Denies Removing Coffee from Consumer Price Index ReviewThe Bureau of Labor Statistics Denies Removing Coffee from Consumer Price Index ReviewFood prices, including coffee, are still much higher after 2021...and shrinkflation is a factor impacting prices.
Read more »

US consumer prices flat in May, defying expectations for slight riseUS consumer prices flat in May, defying expectations for slight riseU.S. consumer prices were unexpectedly unchanged in May amid cheaper gasoline, but inflation likely remains too high for the Federal Reserve to start cutting...
Read more »



Render Time: 2025-02-21 11:33:00