Preserving your purchasing power - Yahoo!Finance
We have all heard the phrase “purchasing power,” but what does it mean to the average pre- and post-retiree? Purchasing power is “the value or buying capacity of your fixed retirement income in the face of inflation.” We have also heard that seniors’ purchasing power has declined by 20 percent since 2010, due to Social Security benefits not keeping pace with inflation. In today’s economic climate, how does an individual preserve their purchasing power? Laura Bogart, writing for GOBankingRates, spoke with financial experts to learn how retirees can achieve a financially secure retirement while maintaining a comfortable lifestyle. Read Ms. Bogart’s article here…
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