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Inflation Disrupting Retirement Plans Of 25% Of Americans

Inflation is more than a hidden tax on family incomes.

It’s also shrinking savings and forcing one-in-four Americans to delay their retirement plans, according to a survey conducted by BMO Harris Bank in April. The giant stock market sell-off in April and May has also liquidated trillions of dollars of funds in retirement accounts.

A full 36% of those surveyed have reduced their savings and 21% are stashing away less for retirement in order to keep up with growing costs.

Yet, Biden is still running around the country reading a teleprompter that says he has increased Americans’ savings.

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