As of May 2022, most adults in the U.S. have spent at least some of their savings due to inflation. In a recent survey, the majority of respondents who were at least 77 years old did not spend any of their savings because of the rising prices. Meanwhile, the majority of respondents in all other age groups spent at least some of their savings.
Share of adults who have spent money from their savings because of inflation in the United States as of May 2022, by age
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Forbes. (June 13, 2022). Share of adults who have spent money from their savings because of inflation in the United States as of May 2022, by age [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1350753/adults-who-spent-money-from-their-savings-due-to-inflation-us-by-age/
Forbes. "Share of adults who have spent money from their savings because of inflation in the United States as of May 2022, by age." Chart. June 13, 2022. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1350753/adults-who-spent-money-from-their-savings-due-to-inflation-us-by-age/
Forbes. (2022). Share of adults who have spent money from their savings because of inflation in the United States as of May 2022, by age. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1350753/adults-who-spent-money-from-their-savings-due-to-inflation-us-by-age/
Forbes. "Share of Adults Who Have Spent Money from Their Savings Because of Inflation in The United States as of May 2022, by Age." Statista, Statista Inc., 13 Jun 2022, https://www.statista.com/statistics/1350753/adults-who-spent-money-from-their-savings-due-to-inflation-us-by-age/
Forbes, Share of adults who have spent money from their savings because of inflation in the United States as of May 2022, by age Statista, https://www.statista.com/statistics/1350753/adults-who-spent-money-from-their-savings-due-to-inflation-us-by-age/ (last visited November 23, 2024)
Share of adults who have spent money from their savings because of inflation in the United States as of May 2022, by age [Graph], Forbes, June 13, 2022. [Online]. Available: https://www.statista.com/statistics/1350753/adults-who-spent-money-from-their-savings-due-to-inflation-us-by-age/
