Bidenflation is freaking people out as they look forward to their retirement years. The amount of money American adults believe they will need to save in order to retire has jumped 15 percent over last year and 53 percent(!) since 2020.
“It would take $1.46 million to retire comfortably, according to a recent survey of 4,588 adults released Tuesday,” reports the Wall Street Journal. “That is up from $1.27 million a year ago. And over $1 million more than the average survey participant’s nest egg.”
“Anxiety about retirement is sky-high,” Teresa Ghilarducci, an economist, told the Wall Street Journal. Concerns about healthcare costs and long-term care (nursing home) are at the top of people’s worry lists.
More from the WSJ:
Millennials, those born between the early 1980s and late 1990s, sharply raised their estimates compared with before the pandemic. When they…
