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Griff Lothrop

Specialist Leader in actuarial consulting at Deloitte Consulting, specializing in pension and retiree medical plans; contributor to the 2024 Retirement Risk Survey.

Jun 25, 2026

10:18
Mm-hmm.
10:18
What will prices look like by the time they retire, and will their savings be sufficient to handle those increases? Within the survey, pre-retirees really reported higher levels of concern and higher rates of behavioral change with respect to inflation.
10:33
Uh, fifty-one percent said inflation has already impacted their spending on food and daily expenses.
10:39
Now, that compares to thirty-five percent of retirees.
10:43
The gaps for, for these results are similar for utilities and lifestyle spending.
10:48
Now, the other interesting aspect is to look at how different incomes are affected.
10:52
Lower income respondents really tend to make more immediate and concrete spending cuts, reducing food purchases, cutting back on utilities, things like that.
13:04
Yeah

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