brought to you by the every dollar app start budgeting for free today there's a lot popping off when

it comes to how people are managing their money we know things are tight right now there's a lot of

factors out there there's inflation and there's the housing market and insurance costs are going up

and the truth is americans are feeling it and they're trying to find ways to squeeze in their

budget and make things work.

Because this article is how the middle class stays middle class.

Here's the headline from Money Wise.

Why it's a big problem that 46% of the U.S. middle class are now slashing or completely

cutting out contributions to their retirement funds.

Yikes. So the survey found that nearly 46% of middle income families, they're cutting back on

retirement contributions, and they're doing it because of stubbornly high inflation. That's the

major culprit that they're saying here. And they're even saying they're

pausing them indefinitely. That's either either cutting back or pausing indefinitely, which is a weird

thing to say, I'm never contributing again. Well, I know that people probably listening are like,

wait a minute, you guys at Ramsey, you're always telling people to pause their retirement. Like,

why are you so upset about this? And the difference is we never tell people to

pause their retirement indefinitely. We want you to be millionaires. We don't want that, you know,

indefinitely. We tell people, George, to pause their investing for a short period of time while

they're in baby step two and three so that they can pay off their consumer debt,

not their mortgage debt, just their consumer debt, and save up three to six months of expenses so that, and that way they're protecting their investments so that if there's an emergency,

they're not dipping into that emergency fund, or I'm sorry, they're not dipping into those

investments to cover everyday emergencies.

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