Savers change habits due to inflation

Many savers have changed their financial habits due to rising inflation, a recent survey found. Among those polled, 36% said they reduced their overall savings and 21% have cut back on retirement saving. About 60% of respondents said inflation has had a serious impact on their personal finances. Among individuals ages 18 to 34, more than 60% have reduced how much they are saving. More women than men have made lifestyle changes, including reducing expenses such as dining out.