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Inflation Puts More Retirees at Risk of Running Out of Money

·1 min

Retirees are withdrawing more money from their savings to cope with rising prices. This trend highlights the impact of inflation on retirees, particularly because it can also erode the value of their cash and fixed-income investments. A recent study from Boston College underscores the risk of depleting nest eggs for those in or near retirement. The study emphasizes the pernicious nature of inflation and its potential long-term consequences for retirees.