Inflation persists at elevated levels despite recent declines. Staples like food and rent continue to increase, and the long-term effects of inflation continue to wither away the power of the U.S. dollar. For retirees, “sticky” inflation could mean delaying their retirement plans, living on smaller budgets, or even being pulled back into the workforce.
“1 in 4 Americans cut back on retirement savings because of inflation.”
—Fortune, May 19, 2023
How is inflation affecting Americans’ retirement portfolios, and what can you do to protect your own financial future?
Click on the video link below for exclusive Executive Insights on this topic from Edmund C. Moy, 38th Director of the United States Mint and Senior IRA Strategist for U.S. Money Reserve.
Related headlines from around the web:
- Fox Business: “Inflation breakdown: High rent, food prices remain uncomfortably high”
- Barron’s: “Running Out of Money Is the Top Retirement Worry”
- Reuters: “Gold survives Fed scare to move up on dollar, yields weakness”
Don’t wait for inflation to further affect your hard-earned savings—protect your portfolio with precious metals today.
Gold has historically been used as a hedge against economic uncertainty and market turbulence. As paper-based assets like stocks continue to experience volatility and inflation continues to deflate the dollar’s purchasing power, now may be the perfect time to add wealth protection to your portfolio in the form of physical gold.
Watch U.S. Money Reserve’s “Market Insider” each week for more economic insights. Nothing herein should be considered as portfolio or retirement advice as U.S. Money Reserve (“USMR”) cannot and does not offer financial advice. Clients should consult a financial advisor for specific advice. This commentary is provided by USMR for informational purposes only and is provided on an “as is” basis without any warranty of any kind, whether express or implied. Your use of the information provided in this commentary is entirely at your own risk. In no event will USMR be held liable for any indirect, special, incidental, or consequential damages arising from the use of information contained in this commentary.
