By Caleb Lombardo |
Jun 8, 2022
In its quarterly BMO Real Financial Progress Index, which is designed to capture Americans' current financial sentiment, BMO Harris Bank says that inflation and rising costs could put retirement plans on hold for up to a quarter of Michigan residents. Paul Dilda, Head of Consumer Strategy for BMO Harris, said, "Inflation and rising consumer costs are severely affecting Americans' financial situations, and according to recent index results from BMO Harris Bank, in addition to altering their spending habits, Americans need to alter their saving habits too.