High Inflation Hits Retirees Harder Than Others, Say Experts

High Inflation Hits Retirees Harder Than Others, Say Experts
A customer prepares to pump gas at a Shell station in San Francisco on July 12, 2021. Justin Sullivan/Getty Images
Gregory Bresiger
Gregory Bresiger
Freelance Reporter
|Updated:

You began your retirement plan with plenty of money to pay bills. Your plan expectation of a reasonable inflation rate worked for years. But now one of the key assumptions of your plan has collapsed.

Annual inflation rose to 6.8 percent in November, the highest rate since 1982.

Gregory Bresiger
Gregory Bresiger
Freelance Reporter
Gregory Bresiger writes about business and personal finance. He is a former New York Post business reporter.
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