Impact of Inflation in Retirement—Survey Findings

September 2024

Author

Steven Siegel, ASA, MAAA
Senior Practice Research Actuary
Society of Actuaries

Description 

The Society of Actuaries Research Institute partnered with Optimity to survey retirees who use the Optimity wellness app on a series of inflation-related questions. In April 2024, twelve questions were posed to app users who self-identified as retired. Optimity app users are everyday consumers and have no specific company or organization affiliation. Responses to the questions were provided by 1,541 US and Canadian users. Of these a random sample of 1,000 respondents was selected to analyze responses. The sample of 1,000 was selected through a randomization algorithm and process. Respondents range in age from 55 to 80.

Report

Impact of Inflation in Retirement – Survey Findings

Acknowledgments

The author’s gratitude goes to those who provided expert guidance in suggested questions and review of results. Any opinions expressed may not reflect their opinions nor those of their employers. Any errors belong to the author alone.

Project Oversight Group members:

Carol Bogosian, ASA
John Cutler, JD
James Glickman, FSA, MAAA
Sara Rix, PhD
Andrea Sellars, FSA, MAAA

At the Society of Actuaries Research Institute:

Steven Siegel, ASA, MAAA, Senior Practice Research Actuary
Barbara Scott, Senior Practice Research Administrator

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