Amid rising rates and market volatility, the slowing economy is putting a major strain on individuals investments.

So what does that mean for those saving for retirement and for those in retirement?

Obviously inflation is front and center for both current workers and retirees,

but that challenge feeds into other challenges that these individuals face.

The current economic climate just makes them more pronounced.

I'm Alson Nathan and this is exchanges at Goldman Sachs. To help break down the challenges of saving for and spending in retirement,

I'm joined by Mike Moran, a pension strategist in Goldman Sachs Asset Management.

Mike is out with a new report that looks at how today's complex backdrop is affecting individuals

retirement plans.

Mike, welcome back to the program.

Thanks, Allison. It's great to be here.

So you and your team interviewed working and retired individuals across generations and

genders for this survey. Walk us through exactly who your respondents were

and why you chose to survey such a broad audience.

Sure.

So we surveyed over 1,500 individuals

in July and August of this year, spanning across both those currently working

and those in retirement. And by surveying both populations, we were really trying to do is to

compare how current workers are planning for retirement

and compare that to what retirees went through both when they were planning for their retirement

as well as what they were actually experiencing in retirement.

And when we look at that population across both populations currently working and retired,

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