Why inflation is less likely to hurt retirees

Inflation has continued to rise, but some retirees won’t feel the brunt of many soaring costs, experts say.

Annual inflation jumped by 9.1% in June, growing at the fastest pace since late 1981, the U.S. Department of Labor reported Wednesday.

Higher prices have many worried, even those earning six figures. Some 65% of Americans making $100,000 or more are “very concerned” about inflation, according to a CNBC poll.

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But spending changes throughout people’s golden years may reduce…