Inflation Squeezes Older Americans, With Most Anxious About Retirement Savings and Living Costs
• 70% of U.S. adults aged 50+ worried about prices rising faster than income (AARP survey)
• Consumer price index rose 3.5% in March, remaining above Fed 2% target for over 2 years
• High inflation creating severe financial pressures, disproportionately affecting low-income Americans
• 37% of adults 50+ worried about covering basic expenses like food and housing
• 61% of adults 50+ worried they won’t have enough money to last in retirement