There’s a March 2022 study conducted by the Nationwide Retirement Institute, that shows how inflation forced lots of Americans to reconsider their lifestyle. Even more, these changes forced 13% of baby boomers to reconsider or even postpone retirement.
Perhaps your retirement is decades down the road. And even supposing that inflation ramps up again when you’re ready to leave the workforce, how would it affect your retirement dreams? It’s actually pretty scary to think about that.
As wishing and praying for everything to work out might not be the best solution, what is there to do? These are some tactics to boost your retirement savings, in case a sudden recession will occur: