“With inflation, older adults are depleting retirement savings earlier than expected, survey finds,” by Kathleen Steele Gaivin, McKnights Senior Living
“More than half (58.1%) of Americans aged 62 or more years worry that inflation is pushing them to increase their spending and deplete their retirement savings earlier than expected, according to a new report from the Senior Citizens League. Less than 20% of the older adults surveyed said they have healthy retirement finances, according to the organization’s 2025 Retirement Survey Report. More than half (52.4%) of respondents said they see themselves as financially vulnerable, with doubts about how long their funds will last. The remaining 28.2% said their income is ‘not even adequate for their current needs, let alone the future.’”
LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:
So, what does the Federal Reserve do? Cuts interest rates and restarts quantitative easing (QE), measures that benefit people with assets while crushing the poor and financially borderline. Here we go again.