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SW Iowa | Inflation is normally good for the active farmers, and absolutely legal thievery for the retired, fixed income living American.
The active farmer can repay loans with cheaper dollars, sell grain for inflated money, and yes, have to pay more for his inputs, as suppliers will try and keep up with the inflation.
Those on fixed or retired income only people have nothing to protect them except the cost of living increases paid by SS, They will sit and watch their savings accounts melt away, find their retirement checks not big enough, and medical expenses will continue to increase. The golden years of retirement may turn out to be poverty city for those not prepared for the waves of inflation on the horizon. | |
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Looking to the future
