A recent survey by AARP reveals that 70% of U.S. adults aged 50 and older are worried about prices rising faster than their income, amidst persistently high inflation. The survey results come after the consumer price index rose for the third straight month to 3.5% from a year ago.
An overwhelming majority of older Americans say they are stressed out about the country's persistently high inflation, according to fresh data. A recent survey by AARP , the full results of which are set to be released later this month, found that 70% of U.S. adults aged 50 and older are worried about prices rising faster than their income.
Although inflation has fallen considerably from a peak of 9.1%, it has remained well above the Federal Reserve's 2% target for more than two years. "Inflation coming down does not mean prices are coming down; it means prices are rising more slowly," said AARP Senior Policy Advisor David John. "Older Americans, especially, still have to make tough choices.
Older Americans High Inflation Survey AARP Consumer Price Index Economy
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