![]() Since personal spending changes in retirement, it reduces the impact of some rising costs, according to J.P. On the other hand, there are areas where retirees may not be as badly hit as the general population. “These three challenges are all colliding,” she added. “What makes this challenging is we are dealing with inflation, we are dealing with low interest rates and we are dealing with stock market volatility,” said certified financial planner Marguerita Cheng, CEO of Blue Ocean Global Wealth in Gaithersburg, Maryland. Here’s how to vacation and save money amid rising inflationĭeepak Chopra: Here’s how to be mindful with your money ![]() The ultimate retirement planning guide for 2022 That includes food, which is up 1% from last month and 8.8% from a year ago, and gasoline, which rose 18.3% from February and 48% from last March. ![]() ![]() Americans are spending hundreds of dollars more every month due to inflation.įor those in their golden years, it could mean trying to stretch an already tight retirement income.Ĭonsumer prices jumped 8.5% in March from a year ago, according to the U.S.
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