A shopper at a San Francisco grocery store on May 2, 2022.
David Paul Morris | Bloomberg | Getty Images
Inflation is a growing concern as Americans spend hundreds more every month. But some retirees may avoid the sting of price hikes for gasoline, groceries and other costs.
Annual inflation rose by 8.3% in April, hovering near a 40-year high, according to the U.S. Department of Labor.
More than half of Americans expect rising expenses to have a “big negative impact” on long-term financial goals, such as retiring comfortably.