Why are older people on fixed-income pensions hurt by unanticipated inflation?

Explanation:

Inflation rate plays a significant role on the financial lives of old Americans with fixed-income pensions. Inflation occurs when unemployment rate decreases and prices of goods, real estate, and commodities creep higher.

According to 2010 research, Old citizens of America spends three times than a working adult and five times that of children, averagely $18,424 annually.

Healthcare, housing, travel, and supporting children also influence how much seniors spend. Unanticipated inflation affects the purchasing power.

this is a pretty broad question and can be a pretty lengthy answer. since 1900, women have gained a lot more rights and have become active in the workforce. with women being in the workforce, men play a larger role in family life. many family tasks are shared between men and women, whereas, women used to be the sole family caretakers.

that should get you started at least.