Americans are spending their retirement savings
This shouldn't come as much of a surprise: Rising food and energy costs are crimping Americans' savings for retirement. Overall, 55% of households said they've cut back on retirement savings because of higher prices, according to a survey the brokerage Edward Jones recently released. The percentage was highest among households with less than $50,000 income, women, young adults and African Americans.

St. Petersburg Times personal finance editor Helen Huntley writes about money topics and answers questions about financial planning, investments and personal income taxes.
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