Alex, aged $35,$ has worked for many years as a salesman in a small used car dealership. He earns $$70,000$ a year. He has no group insurance at work and no individual insurance. Single and without children, his priority is to save enough money to retire at age $60.$ He makes regular contributions to his RRSPs$,$ in which he has accumulated $$400,000.$ He owns a condo valued at $$250,000$ on which he has an uninsured mortgage of $$150,000.$

What financial risk is Alex most exposed to$?$

Inflation.

Loss of income.

Longevity.

Drop in standard of living.