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How does the inflation affect the standard of living​
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How does the inflation affect the standard of living​

User Hussien
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6 votes

Step-by-step explanation:

Inflation affects your standard of living because it can reduce your spending power. Retirees are often greatly affected by inflation because many retirees live on a fixed income.

User Jpyams
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26 votes

Answer:

Inflation affects your standard of living because it can reduce your spending power. Retirees are often greatly affected by inflation because many retirees live on a fixed income.

Explanation

Consequently, their disposable income is reduced as day-to-day expenses consume an ever growing portion of their income.

User Flowit
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