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.

the old way of life was represented by superstition, an angry god, and absolute submission to authority. the thinkers of the age of reason ushered in a new way of thinking. this new way championed the accomplishments of humankind. individuals did not have to accept despair. science and reason could bring happiness and progress. kings did not rule by divine right. they had an obligation to their subjects. europeans pondered the implications for nearly a century. americans put them into practice first.

money is the anwser i think