Question

question 9 of 20 : 9. why are retired people hurt by inflation? a. retired people often buy products that are especially likely to experience inflation b. they live beyond their means c. since theyre on fixed incomes, their income doesnt rise to meet higher prices d. theyre afraid of change mark for review (will be highlighted on the review page)

Explanation:

Retired people often rely on fixed - income sources like pensions. Inflation causes prices to rise, and since their income doesn't increase, they can afford less.

Answer:

C. Since they're on fixed incomes, their income doesn't rise to meet higher prices