Bargains hunters at Bolton Market on Aug. 17, 2010. (Christopher Furlong/Getty Images) Retirees living on a pension and others who rely on a set amount of income every month will likely feel inflation —fast. “Those living on fixed incomes may see their purchasing power decrease during periods of high inflation,” Janet Alvarez, executive editor of Wise Bread , told The Epoch Times. A budget that worked well in the past might be stretched as prices rise across the categories of expenses, including gas, rent, and groceries. “Taking on new debt, such as a mortgage, may be more onerous,” Alvarez […]
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