Energy

Here’s why inflation may be less costly for some retirees

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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.

More from Personal Finance:
How to calculate your own personal inflation rate
How fast does inflation cut buying power? A simple guide
What consumers plan to cut back on…



Source cnbc.com

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