Articles

Retirement and 401(k)

Inflation and Retirement

Rodney Brooks
|
April 4, 2022

In January inflation rose 7.5 percent, which was a 40-year high – fueled by strong consumer demand combined with pandemic induced supply shortages. Prices rose in several key categories, including food, cars, electricity and housing.

Inflation at any level is bad news for seniors and retirees, many of whom are living on fixed income.  Social Security increased 5.9 percent for 2022, but that does not keep pace with inflation.

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