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As high inflation persists into the second half of the year, about 80% of Americans between 45 and 75 years old are worried about the dual risks of high inflation reducing spending power in retirement and a recession-driven economic downturn impacting retirement income. As a result of inflation, 6 out of 10 consumers also report reducing their spending.

Even more noteworthy is a corollary study of financial professionals revealing that registered investment advisors and broker-dealers are more concerned than consumers about inflation, market volatility, and the odds of a recession.

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