Most of us don’t think of it, especially those who just look at the price of goods and service, but to many of us the cutting of income, weather it’s from the pay, your pension, Social Security, or even mentally the loss of value of investments ( mentally) your ability to purchase and or save is reduced. This is the same as if the price of goods and services rises, this to the consumer is the same as inflation.
The reason I’m writing this is because us retires in the not to distant future will be hurt by the reduction in the moneys we get from Social Security and this will be the same as the cost of goods and services rise.
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