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Most of us are feeling the pain of inflation now, but the rising cost of almost everything may be impacting our future selves as well: People are cutting back on saving for retirement as a result of inflation.
The majority of Americans say current financial issues are more pressing than preparing for the future. Two in three Americans (67%) say they are more concerned about paying bills right now than saving for their financial future, according to a new study from Allianz Life Insurance Co. of North America.
Inflation…
