Veale Institute executive director Michael Goldberg spoke with News Channel 5 on inflation and what experts are saying is a record-high amount of money that most Americans will need upon retirement.
鈥淚nflation is really psychological for folks, as much as it is impacting our bank accounts,鈥� he said.
Economists say it鈥檚 no wonder saving for retirement is also creating additional stress.
鈥淏ecause they鈥檙e worried about the present, they鈥檙e naturally worried about the future and making sure they have enough savings to sustain them for those years when they鈥檙e not going to be bringing in significant income,鈥� Goldberg said.