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Of the following groups, who would be the most impacted by inflation? A) members of strong labor unions B) people who do not have any debt C) employees who have received raises D) individuals living on fixed incomes

Jeremy Wood

in Social studies

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1 answer

Kevin Sutter on March 17, 2019

Of the following groups, who would be most affected by inflation? The people who live on a fixed income. When inflation occurs the prices rise and the value of money in shopping drops. People with a fixed income is not going to make more money to subsidize the price rising of goods and services that are used to carry. Because of this, those who will be affected most by the inflation, because they can't make more money to help offset the increases.

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