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Inflation remains the top worry for retirees, with 92% fearing their assets are being eaten away

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  Almost all retirees report they are worried about inflation lessening the value of their assets, according to a new survey.

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Inflation is the top concern for retirees, surpassing worries about running out of money or healthcare costs, according to a survey by Schroders. The survey found that 68% of retirees are worried about inflation eroding their purchasing power, with many feeling that their retirement income is not keeping pace with rising prices. This concern is particularly acute among those with less than $1 million in assets, with 73% expressing worry about inflation. Retirees are taking various steps to combat inflation, such as reducing discretionary spending, delaying retirement, and seeking higher-yielding investments. The survey highlights the need for retirees to have a well-diversified portfolio and a solid financial plan to navigate the challenges posed by inflation in retirement.

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[ https://fortune.com/article/inflation-top-worry-retirees/ ]