Financial stresses create a learning moment
Inflation punctures budgets
High and persistent inflation has a way of focusing the mind — and reordering household spending priorities. According to a Voya survey, 77% of Americans are worried about the damage inflation is causing to their retirement goals and lifestyle. And 70% overall say that inflation is driving them to make real changes. Millennials, especially, are responding to inflationary pressures by doubling down on short-term savings, even as they find themselves falling behind on debt.