Retirement Confidence Bounces Back While Inflation Woes Loom

Americans are feeling more confident about how much money they’ve saved for retirement even as inflation fears continue to mount.

The Covid-19 pandemic only temporarily interrupted most workers’ retirement savings efforts, according new survey data from the Employee Benefits Research Institute and Greenwald Research. But the data, which didn’t capture recent Russian offensive-related inflation on gas and food prices, suggest rising costs are the biggest source of angst among workers and retirees.

“We missed nearly three months now worth of consistently high inflation,” Craig Copeland, EBRI’s director of wealth benefits research, told Bloomberg Law. “In January, there was talk of ...