Why are retired people hurt by inflation?

Answers

Answer 1

Answer: If you are retired, you do not have a source of income from a job--you rely on your savings, interest from investments, or the government (e.g., social security in the US). With a job, your salary typically increases every so often to track inflation. When you just have savings, the total value of your money stays the same while the purchasing power of that money decreases. Investment income on your savings (e.g., interest) counterbalances this effect somewhat and government programs typically give out more money to account for the effects of inflation, but neither of these counterbalancing measures may prove sufficient.

Related Questions

President vowed to send a man to the moon by the end of the 1960s
During the U.S. Civil War, why did the Border States (Kentucky, Delaware, West Virginia, Missouri, Tennessee) stay loyal to the Union, even though they were slave states?
Why did some greeks settlements figh each other
I WILL GIVE BRAINLIEST!!!1.) What is economic stratification?2.) What are the connections between larger economic forces (your answers to questions 1a-d) and the economic stratification and racism that results?3.) Do you agree that racial discrimination against African Americans might contribute to economic stratification? Justify your position with specific examples from the video or textbook.
How did the invention of television change the nature of political communication?It made other forms of media like newspapers and the radio obsolete in terms of spreading a message. It gave the public audience the ability to see what officials looked like and see the effects of their actions. It caused people to spend more time consuming entertainment programming rather than political events. It led to the creation of regulatory agencies that prevent news stations from taping public officials' speeches.

What social structure was abolished in Russia in 1861?

Answers

Serfdom was the social structure that was abolished in Russia in 1861.

What social structure was abolished in Russia in 1861?

Serfdom

Why were some Serbians and Bosnians angry with Austria-Hungary in 1914? Austria-Hungary had taken over Bosnia and dominated Serbia. Austria-Hungary refused to trade with either country. Austria-Hungary would not allow religious freedom in either country. Austria-Hungary wanted to build a railroad through the center of both countries.

Answers

Some Serbians and Bosnians are angry with Austria-Hungary in 1914 because Austria-Hungary had taken over Bosnia and dominated Serbia.

What are Serbians?

Serbians are the south Slavic ethnic group and nation, native to the Balkans in South-Eastern Europe.

Austria-Hungary had taken over Bosnia and dominatedSerbia that's why some Serbians and Bosnians were angry with Austria-Hungary in 1914.

Therefore, A is the correct option.

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Answer:

A) Austria-Hungary had taken over Bosnia and dominated Serbia.

Explanation:

The preamble to the Declaration of Independence refers to natural rights (albeit by using different terms). What are natural rights?

Answers

Natural rights are those that are not dependent on the laws, customs, or beliefs of any particular culture or government, and therefore universal and inalienable

Answer:

Rights that all people are entitled to are natural rights.

Explanation:

Which level of government is primarily responsible for establishing voter qualifications in the United States

Answers

legaslative branch, i hope this helps you out(:

Which was one of the reasons Martin Luther wrote his Ninety-five Theses?

Answers

The worship of graven images in churches and cathedrals.

To become king of the churches and preist

Pleaseeeee help couple of multiple choice 1. What were Michigan, Minnesota, Iowa, and Oregon part of during the civil war?
A. Border states
B. Union states
C. Confederate states
D. Organized territories

2. Which was not true about the border states?
A. The border states had little strategic value for the union.
B. There were fewer than six border states.
C. Each shared its northern border with a union state and its southern border with a confederate state.
D. They were slave states.

3. Which of the following statements is true in describing an advantage held by one side at the beginning of the civil war?
A. The south produced the vast majority of food crops in the united states
B. The north had numerous experienced military officers to lead its army
C. The South's superior railroads gave its distinct advantage
D. The norths well-established government gave it a distinct advantage

4. Which was not a strength of the south at the beginning of civil war?
A. Miles of railroad tracks
B. Military colleges
C. Cotton for profitable export
D. Motivation

5. What resulted in the single bloodiest day in American history at the battle of Antietam?
A. Union troops outnumbering confederate troops 2 and 1
B. Amassing the largest armies ever in one place
C. Marching troops forward in close order against newer, more accurate weapons
D. Confederate troops unexpectedly using guerilla tactics

6. What were the main elements of the Compromise of 1877?
A. Appointments of Samuel Tilden as vice president and Ulysses Grant as secretary of war
B. Approval of Rutherford Hayes's election to the presidency and return to home rule for the South
C. Recount of the 1876 election returns and a planned withdrawal of federal troops from the south
D. A second term as president for Ulysses Grant and reinstatement of Edward Stanton as secretary of war

Answers

Answer:

He right about most I think

Explanation:

Final answer:

Michigan, Minnesota, Iowa, and Oregon were Union states during the Civil War, the Union's well-established government was an advantage, and the Compromise of 1877 involved Rutherford Hayes's presidency approval and the South's return to home rule.

Explanation:

To answer the multiple choice questions regarding the American Civil War and its aftermath:

Michigan, Minnesota, Iowa, and Oregon were part of the Union states during the civil war.
The statement which was not true about the border states is that they had little strategic value for the Union. In fact, they had significant strategic value.
An advantage held by the Union at the beginning of the civil war was that their well-established government gave them a distinct advantage.
Miles of railroad tracks were not a strength of the South at the beginning of the Civil War.
The single bloodiest day in American history at the battle of Antietam resulted from marching troops forward in close order against newer, more accurate weapons.
The main elements of the Compromise of 1877 were the approval of Rutherford Hayes's election to the presidency and return to home rule for the South.

Regarding the secessionist debates and Lincoln's election, the North did not form a military alliance with Great Britain to mobilize for war.

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