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Report: Majority Have Reduced, Stopped Retirement Contributions Due To Inflation

(Minneapolis, MN) — A majority of people have either reduced or stopped contributions to their retirement due to inflation. That’s according to a new report from the Allianz Life Insurance Company, which puts the number at 54-percent. Meantime, 43-percent have taken money from a retirement account to make ends meet. The report comes as the Federal Reserve is expected to raise interest rates once again next week in a bid to fight inflation.

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