Struggling to Fund Your Retirement Savings Due to Inflation? Here's 1 Easy Way to Get Ahead
If you've been struggling to steadily fund your retirement savings plan in recent months, well, there may be a reason for it. Inflation has been surging for well over a year now. And it doesn't seem to be slowing down at the pace we'd like it to.
In January, the Consumer Price Index rose 0.5% compared to the month of December. That's a pretty sizable month-over-month increase. And when we dig into the index, we see that a lot of essential costs -- notably, groceries -- are still up.
Now it's very important to sock away money in a retirement savings plan. But if given the choice between doing that and putting food on the table, you're obviously going to opt for the latter.
Source Fool.com
