Inflation continues to weigh on consumers' minds, according to new Lincoln data

Inflation continues to be a pressing issue for Americans. Many consumers are concerned about how their finances are impacted. According to survey data from Lincoln Financial Group, nearly two-thirds of Americans are worried about inflation.¹ As the cost-of-living increases, so do concerns about sustainable income - both today and in retirement.

In addition, other important findings include:

• 81% of concerned consumers sought information about ways to address paying monthly bills, but only half sought information about ways to address the impact of taxes on retirement savings/investments.¹
• More than half of Americans are worried about supporting themselves or their family members in the event of becoming ill or disabled.¹
• 43% of consumers say protecting their initial investment from losing value is a top feature they look for in an investment/insurance product, but only 14% would prioritize protection at the expense of growth.¹

Lincoln Financial dives more into the top consumer concerns in its latest report, Consumer Financial Concerns and Investment Priorities 2024.