Inflation Is Still Wrecking Retirement Confidence

Inflation may not be in the headlines like it was in 2022, but for most Americans, it’s still public enemy number one when it comes to saving for retirement. A new Schwab survey reveals just how many people feel unprepared, and the ripple effect it has on retirement confidence. In this episode, Steve unpacks the numbers behind the survey and talks through what they mean for you.

From the grocery aisle to long-term retirement planning, inflation is still squeezing households and testing confidence. Steve explains how to stay mindful of inflation, make thoughtful adjustments, and keep your retirement goals on track. Because the truth is, a solid financial plan isn’t just about surviving higher prices, it’s about building lasting confidence no matter what the economy throws your way.

Here’s some of what we discuss in this episode:

📉 57% say inflation is their biggest obstacle to retirement

💸 Only 34% feel “very likely” to meet retirement goals

🛒 4 in 10 are cutting back spending to keep saving

🏦 Hardship withdrawals and 401(k) loans are down from last year

🔑 Confidence grows when there’s a plan in place

0:00 – Intro

2:27 – Inflation: The Biggest Obstacle to Retirement

3:50 – Retirement Confidence is Eroding

6:43 – Decreasing Lifestyle & Smart Trade-Offs

9:01 – Hardship Withdrawals are Down

10:48 – Action Steps to Make Better Choices