The price of a gallon of gas is now above $3.00. Many are feeling the pain in their financial portfolio. How does this affect retirement?
Having paid more to drive in the last six months, three out of four Americans said higher living costs prevented them from saving more for retirement.
The Fidelity Retirement Index, which analyzes American households’ overall retirement readiness, found that among Americans whose savings plans were pinched by higher living costs, nearly one in two had cut the amount to be saved for retirement. Thus the higher price of gas has cut the amount going into savings toward retirement, that is how they are related.
{"id":237,"date":"2006-07-06T11:27:18","date_gmt":"2006-07-06T16:27:18","guid":{"rendered":"http:\/\/www.cashunclaimed.com\/unclaimed-property-blog\/personal-finance\/saving-money\/what-is-the-relationship-between-gas-prices-and-retirement"},"modified":"2006-07-06T11:27:39","modified_gmt":"2006-07-06T16:27:39","slug":"what-is-the-relationship-between-gas-prices-and-retirement","status":"publish","type":"post","link":"https:\/\/www.cashunclaimed.com\/unclaimed-property-blog\/personal-finance\/saving-money\/what-is-the-relationship-between-gas-prices-and-retirement","title":{"rendered":"What is the relationship between gas prices and retirement?"},"content":{"rendered":"\n\n\t<\/p>
The price of a gallon of gas is now above $3.00. Many are feeling the pain in their financial portfolio. How does this affect retirement?<\/p>\n\n\t
<\/p>
Having paid more to drive in the last six months, three out of four Americans said higher living costs prevented them from saving more for retirement.<\/p>\n\n\t
<\/p>
The Fidelity Retirement Index, which analyzes American households’ overall retirement readiness, found that among Americans whose savings plans were pinched by higher living costs, nearly one in two had cut the amount to be saved for retirement. Thus the higher price of gas has cut the amount going into savings toward retirement, that is how they are related.<\/p>\n\n