The U.S. economy has been remarkably resilient. Inflation is falling,

unemployment remains low, and markets are rising. So is this environment putting

Americans on track to meet their retirement goals, or are they still falling short?

When we think about the current economic environment, the current market environment,

there's some good news in there, but there are also some challenges as well,

both for current workers as well as retirees.

I'm Allison Nathan and Moran, a pension strategist in Goldman Sachs's

asset management business to discuss how the current macro environment is changing the retirement

picture for both savers and retirees. Mike and his team are out with a new report

that describes what they see as a missing link to retirement security.

Mike welcome back to the program.

Thanks for having me, Allison.

Mike, as I just mentioned, inflation is moderating.

The Fed recently cut interest rates for the first time since embarking on an extended period of raising rates and it was an

aggressive cut at that 50 basis points what does this mean for retirement savers?

So I think Allison when we look at the current economic environment the current

financial market environment it's a bit of a mixed bag so inflation is

coming down but when we look at the cumulative effect of inflation over the

last couple of years we see it having an impact on individuals and that's

impeding at times their ability to save for retirement. So in our retirement survey

we asked working respondents what was the biggest change in your personal

financial situation over the past year and the most popular answer was just an

...