America First Report
SUBSCRIBE
  • Home
  • Type
    • America First Original
    • Cross-Posted
    • All Around the Web
  • Style
    • News
    • Opinions
    • Videos
    • Podcasts
  • About Us
    • Contact
No Result
View All Result
America First Report
  • Home
  • Type
    • America First Original
    • Cross-Posted
    • All Around the Web
  • Style
    • News
    • Opinions
    • Videos
    • Podcasts
  • About Us
    • Contact
No Result
View All Result
America First Report
No Result
View All Result
Home Type Cross-Posted

Majority of Americans Fear Soaring Inflation Will Impact Spending Power in Retirement

While many Americans are concerned about how they'll feed their family next month, even those who were previously financially secure are questioning their futures.

by Katabella Roberts
July 13, 2022
in Cross-Posted, Opinions
Retirement

Editor’s Note: The article below by Katabella Roberts from our premium news partners at The Epoch Times details why so many Americans are protecting their wealth with physical precious metals and protecting their retirement with Gold and Silver IRA accounts. Check out our two precious metals sponsors who specialize in each of these.


The majority of Americans aged 45 to 75 are concerned that soaring levels of inflation may reduce their spending power when it comes to retirement, according to a new survey.

Prepper Meds – Stock up for now before the supply chain crashes:
✔️ Boost your immune system with Nutraceutical by Dr. Zev Zelenko
✔️ Get ahead of shortages with 5 Antibiotics Delivered to Your Home
✔️ Detox your body with Organic Supplements

The Protected Retirement Income and Planning Study by CANNEX and the Alliance for Lifetime Income was published on July 11 and conducted among 2,025 American consumers aged 45 to 75, and 514 financial professionals, between April and May 2022.

Financial professionals that were surveyed conduct retirement planning for individual clients.

Specifically, the survey found that 81 percent of Americans aged between 45 to 75 said they were worried that high inflation would reduce their spending power in retirement, while 79 percent fear that an economic recession could impact on their retirement income.

The survey comes as inflation climbed 8.6 percent in May from a year ago, marking the biggest 12-month increase since the period ending December 1981.

Gold Three Companies

As a result, the survey found that 60 percent of consumers reported reducing their spending because of inflation.

Those fears regarding inflation, market volatility, and a potential recession are also being felt among financial professionals too, with the survey finding that nearly 78 percent have changed their approach to retirement planning in the last year, of which 82 percent cited soaring inflation as a reason behind making the change.

“Against the backdrop of record inflation, a bear market and global economic uncertainty, the misalignment in what financial professionals are relying on to create retirement income, and what clients are looking for, is a problem,” said Jean Statler, CEO of the Alliance for Lifetime Income.

Mounting Costs

“Ninety-two percent of financial professionals are worried about inflation reducing client spending power, and so it’s good that many of them have changed their retirement planning approach this past year. But for those financial professionals who tell their clients to simply ride out the risks and are not considering protected income options like annuities, don’t be surprised if you find them going elsewhere for advice.”

Preppers won’t eat frankenmeat or bugs for protein. They’ll eat long-term storage chicken from Prepper Organics. They’ll save $50 per bag with promo code “survive2030”.

The latest survey comes as fears of an impending U.S. recession continue to mount while everything from household essentials to food have increased substantially in recent months as global economies gradually reemerge from the COVID-19 pandemic and the fallout from Russia’s invasion of Ukraine drives up prices worldwide.

Those costs are being felt exponentially when it comes to gasoline prices, which currently stand at a national average price of $4.655 in the United States, having surpassed $5 highs in mid-June, according to AAA.

This time last year, the national average price of a liter of gasoline was $3.147.

In an effort to prevent an economic downturn from happening, the Federal Reserve in mid-June raised its benchmark interest rate by 0.75 percentage points, marking the biggest hike since 1994.

Despite fears of an upcoming economic downturn being on the horizon, Biden administration officials have insisted that the United States can avoid a full-blown recession.

On Sunday, Commerce Secretary Gina Raimondo told ABC’s “This Week” that the U.S. economy is fundamentally “very strong” and that she does not “see any reason to think that we will have a serious recession.”

“We recovered all the jobs since the pandemic. People’s household balance sheets are strong. Companies are doing well. Companies are hiring. Companies are growing,” Raimondo said.

Meanwhile, Goldman Sachs Chief Economist Jan Hatzius on Monday reiterated the investment bank’s view that the U.S. economy faces a 30 percent chance of a recession in 2023.

The economy is tanking and a “Digital Dollar” is in the works. Don’t procrastinate. Move wealth and retirement funds to physical precious metals and/or a self-directed IRA with America First companies who aren’t helping Democrats, the WEF, or the CCP. Here are three such companies who can help you immediately.

Bill Pan contributed to this report.



Important Article: Why Everyone, Prepper or Not, Should Build Up Their Food Supply Immediately

Why We “Moderate” a Commentor’s First Post

Tags: GoldinflationLedeRetirementSilverThe Epoch TimesTop Story
Next Post
Biden Gets a Hard Reality Check on Inflation

Biden Gets a Hard Reality Check on Inflation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Bypass Big Tech Censors



My Shows

The JD Rucker Show (Rumble)
The JD Rucker Podcast (Apple)
Red State Talk Radio (M-F 2pm ET)
America Out Loud (M-F 7pm ET)
America First Report (Substack)
The Late Prepper (Substack)
End Medical Tyranny (Substack)

Our Sponsors

 
MyPillow Promo Code

MyPatriotSupply

Z-Stack Life

Precious Metals

Shows

Vaccine-Hesitancy, Ukraine Biolabs, and Jason Nelson Exposes the World to the Chicken and Egg Crisis

Laura Loomer and Why the GOP Establishment Must Be Taken Down

Kristi Leigh: How Corporate Media Sells False Narratives

Mike Pence, Volodymyr Zelensky, and the Failing Deep State

The Bold Conservative Christian Worldview of Bryson Gray

Dean Cain, Jonathan Rose, Kari Lake, and Davos on The JD Rucker Show

Edward Dowd Reveals Who He Thinks Is Behind "Vaccine" Turmoil (Hint: It's NOT Big Pharma)

More People Are Dying Suddenly and 'Normies' Are Finally Taking Notice

Are the Masses Finally Waking Up to "Vaccine" Dangers?

Bypass Big Tech Censors

  • About Us
  • Contact
  • Home
  • Privacy Policy
Site Operated By JD Rucker.

© 2022 America First Report.

No Result
View All Result
  • Home
  • America First Original
  • Cross-Posted
  • All Around the Web
  • News
  • Opinions
  • Videos
  • Podcasts
  • About Us
  • Contact
  • Privacy Policy

© 2022 America First Report.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?