If you lived on a fixed income, how would you be affected by inflation?

You would benefit because you would have more purchasing power.

You would be financially stressed because your income does not increase when

prices go up.

You would be hit hard because rising inflation would lower your rate of pay.

There would be little effect because income is not tied to inflation.

Question

Jason Fox

19 June, 20:09

+4

Answers (1)

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Kelvin Blackwell · Answer 1

You would be financially stressed because your income does not increase when prices go up.