How much does inflation affect retirement?

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How much does inflation affect retirement?

Rounding it up

  • Inflation is a normal part of the economic cycle, but as of late, Canada is experiencing higher rates of inflation than normal.

  • Inflation affects everyone by increasing the cost of everyday goods and services.

  • Inflation means goods and services will cost more in the future than they do today, which means you will need more money during retirement to afford the same lifestyle.

  • In order to prevent your retirement savings from losing value due to inflation, it’s critical to invest and budget accordingly.

3 min read

Ally Streelman
#retirement #savings#inflation

Ally Streelman

Ally Streelman is a storyteller whose work spans money, wellness, travel, and more with the chief goal of empowering readers. When she’s not stringing together sentences, you can find her immersed in a new city, cookbook, or novel or encouraging women to take hold of their financial journey.

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