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

Prices advertised outside of a grocery store in the Flatbush neighborhood of Brooklyn, New York City, on June 15, 2022. Spencer Platt/Getty Images

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.

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.