
What Does Inflation Mean for Your Retirement
Imagine that you’re retired, living on a fixed income, and your energy bill has just gone up by 11 percent. On top of that, your gas tank now costs 50 percent more to fill up, and groceries cost 5 percent more than usual. That might sound crazy, but this is exactly what’s happened over the past year. According to the U.S. Bureau of Labor and Statistics, the consumer price index (CPI) for all items has risen