Vanessa Owen looks at the effect inflation can have on a retirement income
In our world we acknowledge the risk of inflation is a significant threat to a comfortable retirement. Indeed, over half (55%) of people over 50 and approaching retirement say they are concerned about the rising cost of living. However the real impact that inflation will have on retirement income seems to have been overlooked with only one in four (26%) claiming to have considered its impact on their retirement income in the future*. The Bank of England has been targeted with achieving a 2% inflation rate and recent data showing that the rate has dropped to its lowest in over a year i...
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