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In June 2022, U.S. inflation peaked at 8.9 percent – a dramatically high level after nearly three decades of relatively stable prices. Because inflation has been so low for so long, the risks it poses have been generally overlooked and recent history does not offer much practical insight on its impact…
Abstract U.S. inflation peaked at 8.9 percent in June 2022, and, while the rate has declined substantially since then, inflation remains an important concern. This paper uses a new survey of households and financial advisors to examine how near retirees and retirees responded to recent inflation. The survey asks respondents how inflation affected their labor…
