inflation

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Title: inflation

Essay Details:

Subject: Business

Author: Gregg B

Date: August 26, 2015

Level: University

Grade: A

Length: 2 / 348

Essay text:

The retirement fund is affected by this because you aren't able to put as much away as you would like. People who live on social security and different retirement plans are affected because their money is the same no matter what the price of goods are. As prices are rising they are able to buy less because their money is fixed and never increases due to a change in economy. Also, Creditors are hurt by inflation because when someone takes out a loan then that amount of money lessens on its worth due to increasing prices. As prices go up then the value of the dollar deceases. As inflation increases prices then so do the people who benefit from it...

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