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>anyone you know on a fixed income what this is doing to their retirement I don't know any retireees on a fixed income. They all get Social Security, which is
by PopAlongKid 4y ago
>anyone you know on a fixed income what this is doing to their retirement
I don't know any retireees on a fixed income. They all get Social Security, which is not fixed. And if they have any signifcant savings, those interest rates are also not fixed, and have been rising a lot recently (recently advertised CD rates at 3-4% are common where I live).
- InTheArena 4y agoFixed is too wide of a term, but there are still people like my grandmother, who is in her 90s, as well as my parents, who have seen huge drops in the ability for their savings to pay for their retirement.
- happyopossum 4y ago> They all get Social Security, which is not fixed It’s been fixed since the last cost of living adjustment almost a year ago. Trailing adjustments really hurt when inflation rises this fast.