As inflation continues to squeeze Americans, here are 3 ways retirees can cope with higher prices investinyou (In partnership with acorns.)
Social Security is also adjusted for inflation. Next year, seniors may get as much as a
For instance, putting off vacations or scaling back on unnecessary driving can help cut down on gas costs. Cash on hand will actually help you stay invested, so you don't have to divest of any assets if you need money, she explained. All cash, however, is a losing bet against inflation since the purchasing power of that money decreases as inflation rises.
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