How to Cope if Inflation Is Wrecking Your Retirement Budget
It's no secret that these days, the general cost of living is way up. Consumers are paying more for everything from gas to groceries to utilities, and unfortunately, we could get stuck in this holding pattern of rampant inflation for many more months until things start to ease.
In December, the Consumer Price Index rose 7% from a year prior, marking the highest increase since 1982. And while seniors on Social Security did get a 5.9% cost-of-living adjustment to compensate for the rising cost of consumer goods, clearly, that raise is already falling short.
If you're retired, you may be struggling to stick to your budget given the recent rise in inflation. If that's the case, here are a few moves you might consider making.
Source Fool.com
