Even as a record number of Americans are reaching retirement age , many adults have not considered the impact that inflation and Social Security benefits will have on their financial future.

A new global survey by Prudential found 89% of wealthy U.S. adults polled said they are confident they'd be able to cover essential costs in retirement. Yet the rising cost of housing, groceries and health care can eat into savings — and just 55% of U.S. respondents said they've factored inflation into their retirement planning .

It's a "confidence paradox," said Caroline Feeney, global head of retirement and insurance for Prudential: "Feeling ready is very different than actually being ready."

"People feel ready, so they're not taking the necessary action and plans now to start saving and l

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