Older U.S. adults are more concerned about inflation than their younger counterparts, says a new Morning Consult study (pdf). According to its U.S. Economic Outlook report for April, 67 percent of baby boomers said they were very concerned about inflation in April, compared to 35 percent of Generation Z adults. Baby boomers were also slightly more concerned about inflation than Generation Xers (62 percent) and millennials (55 percent). “Adults closer to retirement have fewer years of wage earning ahead of them, leaving less time for salaries to catch up with inflation before living off fixed incomes,” the study’s authors stated. “Younger adults also may be less concerned because they haven’t known high inflation in their lifetimes and haven’t experienced its downsides.” The monthly report also highlighted the “financial vulnerability” many Americans face across the country. Nearly one-quarter (24.5 percent) of Americans lack savings to cover their basic expenses for an …
Older US Adults More Concerned About Inflation Than Younger Americans: Survey
April 8, 2022
admin
0 Comment