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Inflation is a major challenge for seniors on fixed incomes

Sebastien Betermier
Published: 7 September 2022

When food prices rise, seniors on fixed incomes pay a heavy price. Seniors living on federal pensions have lost $1,600 in purchasing power, according to Pierre Lynch, the president of the Association qu茅b茅coise de d茅fense des droits des personnes retrait茅es et pr茅retrait茅es. And it鈥檚 difficult to predict when those costs could come down, says听Associate Professor of Finance听Sebastien Betermier. Geopolitical issues like the war in Ukraine are exacerbating the factors causing inflation. 鈥淭his is what is so hard about the current situation,鈥 Betermier says. "Planning ahead can ease the anxiety that we face, and it becomes a lot more manageable."

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