<br><div><aside class="gnt_em gnt_em__fp gnt_em_vp__tp gnt_em__el" aria-label="Video - Your savings account may be making you lose money"/><p class="gnt_ar_b_p">The past few years have been tough on a lot of investors with many tapping into their nest eggs early or shying away from the stock market for fear of loss. Even young workers are making these moves.</p><p class="gnt_ar_b_p">About 45% of workers between the ages of 18 and 35 say they don't see a point in saving for their future until things return to normal, according to a Fidelity survey. But there are serious flaws in that logic.</p><p class="gnt_ar_b_p">The Fidelity survey didn't give a clear definition of what "back to normal" meant. It did mention the COVID-19 pandemic and record-high inflation as two of the major hurdles savers are currently dealing with. However, it didn't specify what needed to happen for workers to feel that things were back to normal again.</p><aside aria-label="advertisement" class="gnt_m gnt_x gnt_x__lbl gnt_x__al"/><p class="gnt_ar_b_p">Each person likely has a little bit different criteria. But if you're waiting for prices to drop to pre-pandemic levels and the <a target="_blank" href="https://www.fool.com/investing/stock-market/?utm_source=usa-today&utm_medium=feed&utm_campaign=article&referring_guid=1c664dae-e708-482a-9afa-9b7a1b26dc24" rel="noopener" data-t-l=":b|e|inline click|${u}" class="gnt_ar_b_a">stock market</a> to recover before you start saving for your future again, you could be waiting a very long time.</p><p class="gnt_ar_b_p"><strong class="gnt_ar_b_al">Retiring comfortably:</strong><a target="_blank" href="/story/money/2020/12/28/what-it-costs-to-retire-comfortably-in-every-state/115212444/" rel="noopener" data-t-l=":b|e|spike click:6|${u}" class="gnt_ar_b_a">Mississippi, Arkansas are among states where you need least retirement savings</a></p><p class="gnt_ar_b_p"><strong class="gnt_ar_b_al">Savings:</strong><a target="_blank" href="/story/money/personalfinance/retirement/2019/02/06/retirement-savings-why-you-need-enough-last-least-23-years/38968507/" rel="noopener" data-t-l=":b|e|spike click:7|${u}" class="gnt_ar_b_a">Better plan on that retirement money lasting at least 23 years</a></p><aside aria-label="advertisement" class="gnt_m gnt_x gnt_x__lbl gnt_x__al"/><p class="gnt_ar_b_p">Even in good times, there's always a risk of loss with investing. You might think you're avoiding that by keeping your money out of the stock market, but there's another risk associated with this too.</p><h2 class="gnt_ar_b_h2">How delaying retirement savings costs you</h2><p class="gnt_ar_b_p">You can't beat the potential returns of the stock market over the long term with any other savings strategy. No <a target="_blank" href="https://www.fool.com/the-ascent/banks/best-savings-accounts/?utm_source=usa-today&utm_medium=feed&utm_campaign=article&referring_guid=1c664dae-e708-482a-9afa-9b7a1b26dc24" rel="noopener" data-t-l=":b|e|inline click|${u}" class="gnt_ar_b_a">savings...</a></p></div> <style> .wrapper { text-align: center; } </style> <div class="wrapper"> <a class="button" href ="https://www.usatoday.com/story/money/personalfinance/retirement/2022/07/15/retirement-inflation-young-people-savings-habits/50488323/">Read more <span>➤</span></a> </div>
