The Baby Boomer generation is heading into retirement. And inflation for older Americans is considerably higher than it is for the rest of the population.

Some examples from the article:

Through January, reports the Bureau of Labor Statistics, information-technology prices fell around 6.2% on average, and apparel by 0.2%.

But these are mostly products bought by younger Americans.

Meanwhile, according to BLS data, the cost of food in the supermarket is rising by 5.7% a year. Home energy is up 5.5%. Gasoline is up 34%.

 

Submitted: Mar 6, 2008    Views: 264    Comments: 1    Likes: 1   


View Article: http://finance.yahoo.com/focus-retirement/article/104562/The-Danger...


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Comments Received:

Sam Cass
Sam_Cass

Interesting article but it's not really senior inflation. All of the items mentioned imapact everyone - seniors, baby boomers, gen x-ers, etc. It's true that younger people buy more iPhones but they also have to eat.

Fallig home prices should also help seniors in other ways. For example, they should reduce the burden of property taxes, which have been going up consistently.

Perhaps most pernicious to seniors is a low interest rate. This reduces earnings from savings accounts, CDs, bonds, etc. where many seniors have parked their money. For seniors living on a fixed income, this is a double whammy. Higher inflation and lower return.

Posted: Mar 7, 2008



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