Inflation is at a four-decade high and with rapidly rising interest rates and volatile markets, many Americans are being forced to rethink their retirement planning.
Due to this problem many people are planning to work part time after retirement. Many people are wondering what might be the best option.
The survey, conducted on people aged 45-54, found that, due to the inflationary environment, 20% say they will delay retirement.
Some experts believe it may be a good option. You may decide to postpone retirement if you are in the right health and mindset to continue gainful employment.
No matter where you are in your working life, it is important to take advantage of every opportunity. If you are young, now is the right time to start saving, regardless of the conditions.
You will always have anxiety and uncertainty but if you start now, you will almost certainly be in a better place as you age.
"Given the current macroeconomic climate, "it may be a good idea to take stock before you dive into your retirement preparations."
A recent survey also found that 58% of Americans plan to work in retirement by taking up a part-time job or side gig.