43 Percent Of Americans Have Had To Dip Into Retirement Savings Because Of Inflation: Poll
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Los Angeles (Knewz) — For those Americans who have accumulated substantial retirement savings, it is turning out to be a buffer against inflation. A September survey of 1,004 Americans conducted by Allianz Life Insurance Company found that 43 percent have taken money from that reserve because of rising inflation. The finding comes on the heels of the IRS announcing a 9.8 percent increase of the contribution limit to tax-deferred retirement plans for the year 2023, due to inflation. Meanwhile,
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