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It is already causing lot of problems for retired people. How much will this problem intensify in future ?

Not that it is causing but that is how it was before if you leave your retirement savings in fiat. The government will manipulate it again and again in a way that after long time, the value if the money will decrease. That is why it is good to invest your money on assets like gold, or buy properties. You can even invest little amount on bitcoin when the bear market has been very significant.

I use this calculator https://www.usinflationcalculator.com/

If you own $1.32 in 2014, now it's worth $1.
If you own $1.65 in 2004, now it's worth $1.

So imagine you own $50K in 2004, now it's worth around $30K, in 20 years your wealth decrease almost by half! exclude banks monthly fees, charge, etc etc.

If someone didn't dare to invest their money, they will broke in the future.

It’s anyone problem if you don’t save enough during your active years but if you manage to save money then inflation will not be your problem since you have your pension and at the same time savings money through your job salary.

You should consider that retired person usually spend less since they are already at the age which they are not active anymore on social gathering or any form of activities that requires heavy spending. Most of the time they are just buying daily necessities and spend time at home or vacation house. Inflation will only be a problem if you didn’t manage to break poverty during your active years.

This is why before retiring you should make sure that you have everything in place. Before I retire, I need to check whether I could live the next 10 or maybe 20 years of my life depending on when I retire comfortably and if my family members are also well-taken care of.

We should practice saving and investing while we are young and still not close to our retirement age.

This is the importance of understanding that saving money or saving in fiat is not at all recommended if it is for the long term such as for retirement funds. Because fiat will always experience a decrease in value due to the impact of inflation. And slowly the value will decrease and imagine that in a few decades the money that looked like a lot will no longer be worth as much as it was when you first started saving. It would be better if we prepare ourselves by investing in things that are profitable and increase in value in the long term, such as real estate. Or land that can bring in passive income after we plant it with trees that can continue to bear fruit every season without requiring expensive maintenance. And we can take advantage of that in retirement. Land prices will continue to increase and so will the prices of fruit and trees. So this is the good thing about real estate investment for the long term.

But buying real estate requires a lot of capital. So before that maybe we can do business to increase our wealth. But nothing is easy in this world. Well everything requires hard work and long learning. And inflation is always difficult to avoid. That's why we have to be ready to face it.

What one does in the present will decide what kind of a future one will have regardless of inflation or any other economic and financial problem.

A lot of people don't take this seriously when they are well-off. They don't save or try to create assets when they are young earn well and have no hurdles in their way. They don't realize that their and their closed ones' future is connected to this because if they stay careless right now, times will be tough when they won't be working anymore.

So a person who has got a lot of time in hand before they retire need to make sure that they are using their money on the right places and aren't wasting it all on luxuries of life and living a great life while they can because bad financial decisions can make them suffer when they grow older.

I don't know what will gonna happen to other people when they retire in the future but this will be an eye opener to all of us how investment/savings is important to have especially now while we are still young, we should have started an investment even if we start small as long as we can grow it, don't keep a lot of money in the bank and then have a small interest in return because it's really considered as loss because our money doesn't keep up with inflation. the best option is to have an investment and other businesses that will last long term. People nowadays should be more financially literate so that once our retirement age comes, we will not have difficulties in life.

This is a problem because where i worked and resigned about 12 years ago, some percentage of our salaries were removed and put into a pension fund to be claimed when we reach certain older years, anyways since then my country's currency has devalued like 1000% till date. I frankly don't know if the pension fund company is going to pay me when I'll be eligible to collect in the old rate when I stopped work or in this current devalued rate, because I believe that they'll pay based on percentage, and it'll be very unfair to use the present devalued rate. If pensioners  retirement benefits are not calculated based on the value of their currency in every year of their services, then it's a cheating on them, because if it's done on the present devalued currency, then they won't get everything that they deserves.

its gonna be a problem if they just don't invest their money and let it just stay in their bank account certainly the inflation gonna eats up their life saving its undeniable truth but even then investing also carries risk which old people usually can't afford to have, its overall really difficult situation to get in, the best way is to have life saving as well as investment and big chunk at that but very few old people actually have such thing most of them just have life saving, I think saving gold might be viable for them at least to mantain their lifesaving worth but its indeed gonna be such a hassle but its still worth to try to look into.
overall it does gonna pose a challange for those elderly people, there's reason why managed investment fund by competent fund manager is a thing they offer exactly that to counter inflation but there are cases where the investment failing.
its always good to be rich when we are still young at least not elderly enough to have limited energy to do anything that requires hard work honestly.

Inflation has been a challenge for the funds saved in fiat so if retirement funds are in liquid fiat whether in bank accounts or security deposit the value will go lower and it's expected to fell sooner in the future than in past so I won't be surprised if the purchasing power of $1 reduced by 50% in a decade.

It all depends if the people invested their money for retirement or not. Without any personal savings or investments that fully rely on the government to take care of them will be in big problem. The retirement payments are not being adjusted for inflation, so over time retirees will become poorer. In most countries this is not really new and everybody should invest privately for retirement. Especially if you want to leave behind money for your family it's important to invest. We need to achieve higher returns than inflation to make sure we are not losing wealth.

Inflation isn't only a problem for retired people, even you're still 20 years old, I'm sure you've realized if the purchasing power in the last 5 years and now is different. I believe most people are invest their money, but it just different people will choose different investment based on their risk to reward ratio they can accept. Most people choose to invest their money in time deposit or stock ETFs, which isn't enough to outperform the inflation rate.

Retired people aren't really think about money anymore, they mostly care with what they can do and enjoy their life.

Before now it is common to see retirees relocate to rural areas where they live peacefully because their retirement benefits and pension will be able to sustain them till they die. Today the case is different, most of them remain in Urban areas scrabbling for jobs because what they earn can no longer sustain them. Many of them.are scared of retirement that they keep manipulating their age to keep them in service.


Investment needs a lot of knowledge because it is risky. I know some retirees who invested in some businesses that later went bankrupt. I suggest that every one that is working should have retirement plans on the ground. If they intend to establish a business, they should start learning and practising the business before retirement. This will enable them to be knowledgeable about the business before retirement. Many of these individuals are not aware of the profitability of Bitcoin, and this is why don't consider investment in the coin. For me, Bitcoin is one of the major parts of my retirement plans.

Since we know that the retired senior citizens only depend on their pension to an extent for a survival, aside what they may also earn from their children in case of those that have children being capable of taking care of their responsibilities, a retired pensioneer can as well invest part of his money on two or three profitable assets like bitcoin and any other investment that could always serves then an income source over time with their retirement fund, instead of them leaving it in banks where inflation will affect the value and there is no increase that could cover up for the amount loss over the years.

I think most of the recent retirees at least from my place have already started utilizing this technique of having an extra income generating channel way before their retirement period arrives. This are mostly business that starts off as small scale and they grow it gradually. Before what we see is people opening Pension Fund accounts to save little until they retire, this days now they don’t do that they take the money and invest it right way because of how inflation eats it up.

For some who work In paces where they don’t have choice but to Join this pension schemes since it’s a must they result to taking loan from the work place and puts up their pension as collateral of they don’t pay up. I think this current generation are getting a little bit more ahead in terms of investing before retiring as they currently have many better options now than before.

It's worse, in our country alone with the very high inflation the pension cannot keep up yes the government increases the person but it's only a small percentage and the pensions just go to the medicines of the pensioners, so many pensioners here in our country are still depending to their children for support or they still work to sustain themselves and their family.
With inflation keeps going up you cannot retire even if it's your time to retire.

You're not counting interest.

$1 in a bank since 2014 would have been at the end of 2022 $1.08
$1 in a bank since 2004 would have been at the end of 2022 $1.27

Anyhow, any of the major index have beaten that by a long margin, so even the less risky investments would have negated inflation.
So yeah, if you stashed banknotes under your rug or in a safe, you would have been in bad shape, not that gold coins would have done wonders.

I don't think it's one of the causes of inflation but rather that pensioners are affected by inflation because they don't have other sources of income. This impact occurs because they only enjoy their retirement salary and they do not try to use the money to be more productive. In the future, retirement salaries will remain the same and the salaries they have will continue to lose value, making the problem worse in the future.

The solution is that they should try to use their retirement salary to increase their income so that in the future they will not cause problems. Utilizing investment and business will be a solution so that they can face this problem in the long term.

I think yes if the person receiving the pension doesn't change the money into an investment that could be a hedge.

In short, retirees need to know how fiat money works. If now they realize that fiat money will not be able to maintain its value, where $100 will not be worth the same for several years to come, there is no other way than to convert fiat money into investment assets that can be used as a hedge.
I would probably call Bitcoin the first choice for long-term savings, fixed assets such as land could also be an option so that you won't complain in the future when the value of fiat currency decreases.

It sure will. If these retirement funds aren't put to use as investments, they will surely get screwed over by inflation over time. These funds stay as it is on their fiat values and isn't adjusted in any way by the banks that hold them. Even if you managed to hold $1M during your career, expect that it will go down by value by at least 10% in a decade. Better hold your assets in precious metals, crypto, or other such assets that can hold value over time if you want your retirement fund to really work out for you.

Inflation is one of the major problem we have at this present time  and it is good for us to make mother adjust before retiring because things could be hard for someone that never made any plan about the life after retirement. Retirement is a time when we might not have the energy to do those things we normally do when are youth. Whether retirement or not, it is good for everyone to prepare for the future especially for when we would not have the strength to keep doing those things that we used to do without any bothers. Retirement fund can be utilized to do business so there will be inflow of money.

Sure it will.

How much the pension right now will be lessening its value and purchasing power in the next 10-20 years. So, if there's no gain with the amount that they're receiving as pension then the things that they can be bought will also decrease.

This is the sad reality about life that when we grow old if we're going to receive $1k-$2k of pension monthly, how much it will be in the next decade or two.

Most likely the purchasing power of it might be like $500 or even lower at that time.

I think it's common now. What is the answer? Not just pensioned people are having a hard time with inflation, and because of the continuing increase in inflation, in no time those pensions will be enough for those who receive them. Inflation is a big problem right now in every country, but what can we do? Maybe those younger people can have their extra income or extra job just to have another source of income, and that is, I think, the most sufficient way to survive in this current era where the inflation rate is also growing. But the thing is, how about those older people that rely on their pensions? Like I said, in no time their pensions will be enough unless the country's government also increases the amount that pensioners will receive, but we know it needs to be discussed and needs further study before they approve and implement it.

If those who have retired don't invest before their retirement or after their retirement and are depending on their pension plan for survival, then inflation is going to make their little earnings useless. There are no two ways about it. 
 
Unless it's those retired workers who have good investments standing out for them that yield them weekly or monthly income that won't be affected, one needs something that can meet up with the economic challenge in order to survive in an unbalanced economy. Saving cash and fixing regular pay can't do the job.

Most retired people who worked for the government depend on pension from the government when they are retired. And because of how much inflation is causing the prices of goods to increase, the value of the money that is paid as pension funds to these retired individuals reduces in value even before it is received by the retired personnel. This is a reason why inflation will always be a problem for retired people, and why it is imperative not to just depend on your pensions from the government as your only source of income after retirement.

It has been causing lots and lots of problems since its inception. And it is problematic not just for retired people but for everybody. It is problematic even to small children who are taught to save in piggy banks. It is problematic to adults who have been working hard and saving all their lives only to end up with greatly devalued money. A significant portion of their precious energy and time spent on labor are wasted because of currency devaluation.

Imagine working hard from morning until evening 6 days a week, saved much of the salary for the future, only to realize it can only buy less than half of what it could have bought when you were saving it. That isn't fair.

If the rate of increase in retirement funds is increasing dependent to the inflation rate, it's possible that it won't be a problem to them plus there's also a lot of people right now that are on the age of retirement that's still on the politics which means that they could easily pass laws that would protect the elderly and make more benefits that would positively affect the older population. That's how I see this happening which is why it's never a worry to me that retirement people would get screwed over at their retirement years. I think that the real challenge in all of this is the fact that we still got no increase in wages that would make it so we don't have to wait for the retirement to enjoy life, it's really weird that we're too focused in retiring when there's the option that we should be able to live more while we're still working, I think a lot of us here are tired of surviving from paycheck to paycheck, maybe there's some time that we need to do some negotiations.

It's only a handful of workers that can lay their hands on good money to enable them make some investments on these valuable assets, why I'm saying so is because, if you check the trajectory of the workforce in most countries, you see that some workers are earning what will take care of them and their family alone, whatever that is left for saving is literally next to nothing. So where will some of workers during their active years in service get that huge amount to invest in real estate, golds etc. however in my own thinking, it should rather be that, government should give an upward review on monthly pensions in every 10 years, at least to help the pensioners beat inflation slightly.

Storing fiat in the long term is just like letting its value continue to decrease. Because the price of any item in 10 years will even increase above 10% at the normal inflation rate. And if we imagine that the world is experiencing a quite bad economic crisis like what has happened in the last few years. So we can even see a 10% price increase in just a matter of days or weeks or months. High inflation and hyper inflation even haunt several countries, making their currencies worthless. So investing is always the best choice if it is for the long term. And if it's for use in retirement. So wouldn't it be better to invest in property or real estate if you consider the low level of risk? But there's no harm if we put a few percent in bitcoin too.

With inflation, that's going to have a lesser value in the upcoming years. Say that there's a stable 3% yearly inflation then the value of your savings in the bank or wherever you're storing it like your vault, it's for sure going to decrease over time. That's why most of the wealthy people are investing their money and they understand the importance of making their money work for them. It sound genius and brilliant but everyone can learn it and it's no longer a trade secret that only the wealthy ones can do and know about it.

It can even be more. With all of the cost rising effectively and they're not stopping at all. This is the new norm that we're experiencing and us while we're still quite young or when we're going to that point of retirement, we have to prepare ourselves as well. There's no way that the inflation will be stopped, it might calm down but it will never go away.

It will be a problem indeed if their only income is coming from the government retirement funds. Every person should begin to plan for her/his own retirement when they are in their 20’s. The schools don’t mention any of these problems to their students so it will already be too late when you start wondering about what to do for your retirement.

What you need is a financial fortress which always produces cash under any financial circumstances.

If you start thinking about it in your 20’s or even earlier, you will reach your target wealth in your 40’s or even in your 30’s if you are lucky. Otherwise you’ll wage slaving forever till you die.

Well said, That's why I don't recommend to my closest any long term storing of fiat money because the value of our money will possibly didn't keep up with the inflation, imagine 5-10 years from now, the value of the money that you saved via fiat currency will surely decrease as economic crisis still in place. I suggest like what you have mentioned, Investing in a property, gold, real estate and crypto is much needed nowadays, it will serves you as one of your retirement funds for the future.

I understand that inflation is a global phenomenon and it varies in every nation but taking my country as an example and how it is currently suffocating the lives of everyone, saving for one's retirement in fiat is a big joke. I do not expect an improvement, rather the situation will get worse for the elderly retirees as long as they continue to stock up their money in the bank instead of investing in bitcoin, gold, real estate and landed properties.

Rising inflation can definitely become a problem for retired people. As the prices of goods & services increase the purchasing power of their retirement savings may diminish. This means that retired individuals may find it more challenging to afford the same standard of living as inflation rises. It’s important for retirees to carefully manage their finances, consider investment options that provide protection against inflation & adjust their spending habits to mitigate the impact of rising prices.

Yes, before retirement arrives, everyone must know why every year the prices of all goods rise, they must be much smarter and wiser or think hard about how to secure their assets. One way that we can win in maintaining our wealth is by investing, even though investments have less stable or fluctuating prices, this method can maintain your wealth and can also grow if you choose the right assets. and how we can generate other sources of income, not just from 1 source of income. Indeed, inflation is the most frightening enemy for all groups of people in the world who are trying to seek prosperity in their lives in this world.

I don't know where you guys live, but in exactly what country if you retire for example with $1000 per month at 65 your pension will be still $1000 even twenty years later, and it's not indexed by at least a bit under the inflation rate? I'm really curious in what system does this happens when it comes to a government pension like the EU model.
https://www.ecb.europa.eu/press/economic-bulletin/focus/2022/html/ecb.ebbox202201_08~ac43e1199c.en.html

I never heard of a country where you get a fixed monthly pension and that value will stay like that till you die.

This could depend on it, some people retire already an early age or in old age if you are the kind of person who doesn't have any savings at all you can't survive inflation instead you will seek assistance to the people surrounding them, if you have a savings, you can sustain at least with the help of your benefits but not in the long run because possible inflation increase year by year and the amount of your savings will be the same but the expenses get increase. The last one is if you have an asset, investment and savings you could easily survive with inflation, your money has a continuous rotation of earnings, expenses and profit so you don't need to worry about inflation for the coming years yet if your investments are still sustainable.

I think inflation is a big challenge when it's very high, and it hits vulnerable people more than other people because they're already struggling and inflation just exacerbates the problems. In my country, the elderly are a big social group, and also a very vulnerable one (with a higher poverty rate than average). So yeah, inflation is a challenge for them, and considering that the Pension Fund is getting smaller, it will be an even bigger challenge in 10–20 years, unless we figure out how to improve the overall economic situation and the pension situation specifically. But that all can be different in another country.

the only way is to repurpose that pension fund through investment where it might yield enough to overcome inflation, just remember at the time of pandemic the inflation is really overwhelming even the effect still can be felt until today where the price of commodity and basic needs are sky rocketing and it never come down even after the pandemic itself is finally coming to an end.
inflation will really affect those pension fund that just being kept not reinvested but knowing that even investing might not be the best idea because inherent risk carried also something need to be taken into account too.
there's just really no solution yet to overcome this problem, elderly people are the ones that actually really in need of money aside from fulfilling their basic need such as food and clothing the elderly people are also have their share of problems too, hopefully though there will be solution to this, otherwise the pension fund worth will just get smaller and smaller over the course of the year.

It might just be same situation for every country, it we were to start making comparison because inflation has to do with high prices and am very certain that the pension scheme will maintain a steady figure that is being paid regularly, so a matter of soliciting the pension agency would definitely be out of proportion, unless it is the government who acts to adjust salaries and pensions as the inflation in a country gains momentum.

Inflation is crazy and saving on a bank means you are losing money on long run. It's not that you don't need to have a bank saving, it's required for emergency fund but never put money in bank as investment. Some years, FD might beat inflation but a normal saving account would never. So it's better to invest in various diversified sectors like crypto and stocks if you want a safer future. Don't keep you money idle but put them on income generating investments.

I live in Indonesia and the average person who retires from the government will find it very difficult to face life because the prices of goods continue to rise. The impact of inflation that I mean is because our currency continues to depreciate so that when the price of goods rises, pension money will not cover living needs and not to mention the costs of other needs such as children's education, health and so on. The money they earn from the retirement process will be as much as they earned while the price of goods continues to rise so that the value of the currency is no longer meaningful.

My parents are both government retirees and they are working hard to meet our family's living expenses. Because relying on pension money will not be enough to fulfill them, this is the reason that makes me say that if pension money is not used to develop other businesses it will make their lives much more difficult.

In this recent time and considering how informed the society has become, do people still save their money in the bank for a long time? I doubt it. This generation is well aware that inflation can erode the value of money over time and also know the importance of investment in order to maintain the purchasing power. I know the risk associated with investment but saving money is not completely safe either.

Investment is not just about making profits but to at least keep up with inflation. For over a long time now, stocks have historically outperform bank savings even when you consider inflation. The issue is that some people think investment is all about cryptocurrency but it is not.

The economic crisis is a big problem in the implementation of saving fiat money for the long term, such as preparing for retirement funds. Fiat money can cause loss of wealth because its value can be eroded by inflation. For example, if inflation is 7.5% in a year, then in the next decade the cost of living will increase and the value of the money you save will be much lower than when you first saved.

It should also be noted that fiat money will have a negative impact on output in the economy, besides that it is closely related to interest rate fluctuations which can change the balance of money in the economy. The interest rate can have an impact on reducing the value of fiat money in the future, causing the value of the money you save to decrease accordingly.

So, it is highly recommended that you invest the money allocated for retirement funds in assets such as buying real estate, land, gold and other non-fiat funds to save the value of assets from decreasing in value due to inflation. In conclusion, saving fiat money in the long term will have a negative impact from a macro and individual economic perspective.

If someone is dependent on their pension scheme to live their life after their retirement then I am sure it will be a misery. One should start preparing for their retirement after 40 atleast or early as possible then invest then on different sectors from gold, real estate and possibly stocks and cryptos if possible or just go with the traditional ways that can ensure better future with their passive income via their investment portfolio.

You are only talking about retired people what about those who are not working? Those retired people were working so they are not having the feeling of poor or poverty in their service time but those who not not working were facing the challenges of the inflation from the outset. So they have taking inflation as part of their lives and whenever it comes they face it and over come the difficulty and move on.

Now that cryptocurrency has come let the workers in their active service time should invest in bitcoin so that before they will retired, they have saved enough to face the inflation in the society. Preparation is better than being idle.

He didn't say it isn't. What your company is doing with some of your salary seems normal and is experienced in other companies too, though I don't think this was the reason on why your country's currency's value have declined but this issue is common as well and it was called as inflation.

Each country is suffering from it. Don't worry about your contribution, as you are going to get them when you retire but I think you can also make an early loans once you already paid enough. Their rates are going to be the same. We can only hope that the inflation goes down, so that we can properly enjoy the money that we worked hard for many years.

Again, I'm asking you, if somebody retires now at 65 and gets 500 000 IDR he will also get 500 000 in 2044?
Because the OECD says they are indexed with the prices:
https://www.oecd.org/els/public-pensions/PAG2023-country-profile-Indonesia.pdf

Or asking you the other way around, somebody that retired in 2000, does he get the same pension as he got then?
Has your parent's pension NEVER increased since they retired?
I'm willing to bet the answer is no!

Bitcoin is a good option to invest in as you continue with your job. Just have some money spared for Bitcoin every week or month (DCA manner) and you are good to go. If you see price chart of Bitcoin then it's very much clear that price has gone up with time and likely this will continue to happen with time. The way inflation is going up it will kill all the monetary benefits that one will be getting on his retirement in near future. It's better to plan accordingly.

Fiat has not been able to provide proof that the currency we use every day will not be a problem for us in the future. Those of us who still work to earn money and with the income from our work fulfill all our needs already feel that the value of currency has now decreased compared to when we received money from our parents.

At that time, the nominal amount usually given was enough to buy a few groceries, but now the nominal amount is no longer enough to buy two items.

For our children in the future, they will also face big challenges when we may be old or in retirement. If we can't think from now on, their future will be very difficult. How to invest and teach them to invest in investments that will not lose value.

After retirement, a person's salary becomes half and the everyday expenses become higher and he can not fulfill it. These people experience a lot of hurdles in their lives as they are already older and do have not much energy to do another job. So in this case a person who saves money before retirement and makes a good investment spends a good life. Saving money can make it less because of the devaluation with time so they need to invest it in a thing that can increase the value day to day like Bitcoin, gold, or starting a real state work. They are work that does not decrease its value perhaps they increase it every year. So this is a secure investment that can help you in the last days of your life and is better than to store your investment in fait.

If inflation has become so bad then saving is of no use anymore.

Retirees should instead go look for other assets that would not devalue their money compared to if they just put it in the bank for savings. Unfortunately in time of inflation, everything else goes up which might affect the cost of living of these retirees.

Inflation surely will be a big problem to retired people who have no retirement benefits because everyday that passes inflation rate is increasing and the value of the currency is being reducing so if proper planning is not taken inflation is a big problem in the future to retired people

Well, this sort of depends on what their money is in. Just because people retire, doesn't mean that they get all their saved money in cash form, it is still in investment. Meaning, they do start to eat from it, so it is going to go down, but if they saved enough, and put it in a good enough thing, their money will actually go up every month even though they will withdraw money from it.

Imagine putting a million dollars into bitcoin today, even if you start to spend it, you are not going to finish it in 10 or 20 years, and most probably, the money will be even more by the time you pass away. This is why I believe that if they saved enough and if they invest smartly then we are not going to end up seeing anything major changing at all.

Not only a problem for those who have retired but almost in all people who do not want to invest as soon as possible, thinking by work will be able to meet all needs including desires forever, even though they can lose jobs or if they continue to work, inflation will make all needs increase in price and slowly become it is difficult even just to meet the main needs because salary increases are not comparable to the increase in food and others.
This problem will increase in the future specifically for poor and developing countries, and also for people who do not want to invest, because only investments can help us to defeat inflation.

and because it is important for retirees to prepare themselves as best as possible to face economic difficulties. when they work, they should be able to set aside some of their money for investment and savings. and then after they receive the compensation money (in my country this is usually received before retirement) they can use it to build a business, whether it's an MSME or reinvest in the market if they don't want the hassle of running a business. In this way, retirees can fight inflation in their country.

I like your first statement that acknowledges the plague of inflation on the retirees, there is nothing good about inflation, except for those who are using the advantage to make more money. Inflation affects everybody no matter what they do, especially times they are no more earning so much from the government or their old employees (depending on the country). In this sense, they would feel it much to the point that they wish they had done things differently when they were young. Even if these people plan for their retirement very well, inflation will devalue the money they saved in decades, which is very bad.

You can imagine in my country, if I view this roughly on average, the retirees who had saved for more than 30 years would have their money devalued by more than 1000 now. This is pathetic and speaks of a country that never plans for its future. Going forward, of course, it would be worse because I have not seen anything rising in price in my country that reverses itself anymore.

I mean if we just based it on the past then yea. It's also painfully obvious due to how much the older generations keep on emphasizing how "when I was your age I already had a house and a car" type of talk which almost always happened with family gatherings in the past. Ofc this assumes that the money they receive from outside sources isn't protected from inflation, e.g. just sitting in their bank with no purpose whatsoever. 

There's definitely going to be people who's going to  let their money be affected unknowingly though since there's probably at least 2-3 out of 10 people that wouldn't know how inflation works in the first place.

Inflation will present its own challenges, and it is possible that for those who rely on pension funds to meet their needs, with prices of basic commodities continuing to increase, they will have difficulty making ends meet. Unless they have other income, such as having an investment or business that can be relied on and generate profits.

But it's not too late, at his advanced age and with all the limitations that exist, perhaps at that age it will be quite difficult for him to earn money, especially if he has to work relying on physical strength. Regardless of the amount of pension funds he receives, and all the needs that must be met. In situations like this, living frugally and being willing to set aside a little money to start investing is the solution. because at least by investing, he will have a small advantage to face challenges in the future. Even though there is a child, who might be able to rely on it, I think being able to have our own income is much better, rather than depending on other people for our lives, even if it is our own children.

In my country, it feels like everybody knows their wealth will decrease if they don't save or invest in one way or the other. The current trend for young workers is having a dream to move to the countryside and build a home over there since the price is cheap. I believe most people have more or less the same dream right now, considering how expensive homes or apartments are in big cities. The problem is the lack of job opportunities in the countryside, but most of them plan to work from home after they enter retirement. So while inflation is not well understood, at the very least most of them have plans to look for cheaper alternatives or actively look for jobs with higher payments every two years or so.

Inflation is always a big challenge for retired people, especially in developed countries with the mentality that parents should leave alone and their sons and daughters should leave separately. In developed countries with this mentality, retired people, who didn't manage to build a business and collect a huge wealth, and those who depend on government pensions, will be seriously affected by inflation, it will be a huge challenge for them. That's why many people from such countries move to cheap countries.
The most terrible problem is that people in poor countries don't know about investment and they try to keep cash for their retirement. I know many people who collect dollars because our national currency frequently inflates against the dollar and they think that the dollar is a very strong asset, they completely ignore that the dollar inflates too.

It is a challenge for everyone so what more with retired people recieving a fixed amount in every month? And this is already at the present; we will be needing that number of yours to see it, just open our eyes. Price of goods are becoming more expensive and to most of the third world countries wherein adjustments in salary takes long to reflect, it is clearly a challenge to make a living out of this problem.Actually, what I am seeing now is young professionals having two or more jobs in order to catch up or adjust with inflation. This is just how bad inflation is; imagjne getting home from work and will be needing to do more, just to maintain a certain lifestyl you freely do before. Investments could be a huge help only if it would really be profitable and as we all know, things doesn't happen instantly and easily given how risk is present to all of investments. Unfortunately, I cannot also see that things will still be aided even in the future. Third world countries might even stay in such position due to economy's circumstances.

Inflation will become more serious for retired people but I think that now a days people are not setting at a home without doing a job after retirement and they are regularly in search of finding new opportunities.

Inflation is not only big threat for retired people but those who have salaries are not satisfied with their salaries so may be in near future new technologies will arises which will help individuals to earn in a better way.

To find a solution of coming hard situation due to inflation if one make investment then it can help him to live a better life without doing a job

Retirees in developed nations, having the mindset of being self-reliant financially, will consider inflation as the most alarming issue. Inflation can greatly affect the lives of retirees who are wholly dependent on government pension funds or have failed in business and did not accumulate any significant wealth. This may prompt people from these developed countries to migrate to developing countries with a lower cost of living. Furthermore, one thing that many individuals in poor nations lack knowledge of is investment. Many individuals tend to keep money at hand without considering the effect that inflation would have on the value of their money. While others may opt to keep dollars as they are considered to be less volatile, it’s not known to all that even dollars might suffer from inflation. This is why education on financial management and investment is crucial for people to learn how to mitigate the adverse effects of inflation and better plan their retirement.

retirees, especially those who have worked in government, will never be in a safe zone, especially as inflation comes unstoppable, therefore, every retiree needs to gain knowledge about managing money and investing money. 

one of the people closest to me is a government employee but he has started investing in property slowly, he said that in his old age, he doesn't want his life to be difficult, he wants to be in a safe zone and far from debt so he works hard while he is still working in government. 

those who are safe in the future are those who prepare all their needs before retirement or old age.

In my opinion many of those people that trusted the government and financial institutions to administer their money will come to regret their decision, as I really think it will become impossible to pay those people and they will stop receiving their pension or receive just a fraction of it on the future, so anyone that is young enough now, must prepare for that scenario and avoid to depend completely on that money, and do what they can to have a second retirement fund they manage on their own.

You have a point on this. So aside from relying on a retirement fund, one can always invest in other tangible assets such as real-estate or precious metals. Or other assets they think they can sell in times of financial needs and not just waiting from your retirement funds or savings. It is always best to prepare and plan for contingencies so you won't be in a tight position when something unexpected happens in the future.

Also, one can consider alternative plans or living once you are in your retirement stage -
> live simply, don't buy luxury items for nothing
> be minimalist
> find hobbies that you believe can help you maintain healthy life
> spend on healthy foods, but you can indulge your appetite from time to time
> remove your subscriptions that you are not really using much
> tend your own garden
> surround yourself with quality friends that you can talk to

If retirees can use their retirement money wisely, inflation will not be a problem for them. But if they exhaust the money or leave it in fiat, their future is uncertain.  remains  So the money has to be used properly only then the future of retirees will be assured. If the retirement money is invested in BTC or buy land or invest in a trusted business then it will be protected.

There are many investment you can have in mind to invest when you retire by start saving some money that will help you to achieve your goal in the future, because those that invested in some potential assets with their retirement money will not experience what other people that failed to invest their retirement money are going through in this inflation. If you plan your future well when you are young, it will help you to live your life well and you will not lack of anything, because you have invested your money on a good asset that will make you not to see hardship or inflation around you. Bitcoin, lands and estate investment are high standard investments you can invest and you will be wealthy in the future, because they always increase those that embrace the investments huge amount of income.

That's a very interesting topic to talk on.I think governments are trying to increase the pension of every individual with each budget that is being presented but it can't cope up with the inflation rate of course.

This will not affect them much in the near future because they start to compromise on certain things but for the long term they will lack fir basic necessities of life as the gap between the inflation rate and the increase in pension rate will increase. It'll be an interesting as well as alarming topic in the future.

inflation is a big problem not only in retired person but also in person who are still working specially when they only have minimum wages, it is a big problem that needs to be addressed, 10 years from now the inflation will surely still a big problem for the ordinary people who live in ordinary life of living except to those who are already rich because they have a lot of funds for thier needs.

It's getting worst here in my country I think every single year it all changes it's value taht is why I prefer earning in cryptocurrency or dollar because of it's higher value compared to having my local currency which depreciates so fast. Inflation is inevitable so I think the better approach to this is to invest in assets that are future proof abd inflation proof for us to prepare for it or just stay away from it so our funds are safe in the future. Easy to say but hard to do to be honest for some reasons.

It's true, one of the things that causes inflation is giving pensioners' salaries to employees, and this has been hereditary and difficult to eliminate. every month there are people who retire and the pension salary is still given by the state as a thank you after dedicating themselves for many years in government, so another thing that has now started to be done is that there is no pension salary, what exists is a form of severance pay, namely cash after retirement. , this is different from pension money paid every month while still alive, if severance pay is paid once. and this money can be used as business capital in old age. This requires regular socialization by the government so that employees before retirement can prepare themselves thoroughly before the retirement period arrives

It seems like this is heavily country dependent and depends on what infrastructure a specific country has set up around retirement. In general, I cannot see most people who have pensions built up and invested reasonably in the stock market during their life time - in the format of pensions, will have any problem keeping reasonable pace with inflation during that time. Inflation runs through every economy and it is intertwined with business. If you are reliant on state benefits for retirement, hopefully your country is setup to keep pace and many are doing just that. Once your mortgage is paid off, the amount of bills a regular person will have are quite small in comparison, so if money is managed well it can stretch far.

Which country are you using as a reference to describe the age you described above because inflation is different in each country. For instance, in the United State the inflation is averagely 3.15% for the month of March and in Nigeria, the inflation for the month of March is 33.20%. Retired people in Nigeria will be more frustrated with inflation than people in the US because that's like 10 times inflation of what US is experiencing and that's bad for the economy, not just retired people that will feel the impact, everyone will feel it.

Either retired or not, high inflation will only frustrate the hell out of everyone, it discourage investors and forced existing companies to closed down because doing business in such places is very bad. You might be making profits but inflation is destroying the value of their currency. By the time you do the conversion back to another currency e.g dollar, you will regret doing business in such countries.

If you are someone who are still that having a work or dayjob and seen up someone whom you do know having that kind of problem or struggles due to inflation and other correlated things then
this is something that will really be giving out that kind of idea on what are the things that you would really be needing up to do for you to be able to avoid out on the same condition on which
the earlier the better when it comes on having that investment or trying out to build up some business as early as you could. Trying out to establish yourself on becoming a business owner
and having that multiple income source on which you could really be able to have that kind of savings or funds which will really be able to make you sustain on the upcoming years to come.

There are really just that things which could be that able to counter if you are really just that wise and really that mindful about on the things that you would gonna supposed to do.

Inflation may not have an important impact on those who are already very rich, but as you can imagine, this inflation will be very dangerous for those who currently don't have a job. All goods will definitely become very expensive because the influence of inflation can create chaos in several worlds which is currently happening in the US. So by continuing to save assets in the form of Bitcoin or Gold bullion, we will still be able to avoid the effects of existing inflation.

Not only saving but certainly investing as well during their active years. Inflation is even worst at these days so it should serve as a reminder that if you don’t increase your source of income like working on some side hustles but only focus to your main job, you will definitely suffer from inflation in the future. Retirement is actually the moment to enjoy and reap your hardships while you are young, but if you care less about it, and instead just focus on spending all your income without thinking to invest, I believe you will end up regretting in yiiur retirement age.

Investing and planning are both needed in order to prepare for the future. Some may not think about it while they are still young, but I would give this piece of advice to my kids. They may not understand it yet, but later on, they will thank you for that.

Also, even if you are already heading in your retirement age, you still have the chance to improve your financial conditions. Like start not buying unnecessary items. Try to invest into something valuable like jewelry. At least, you can easily pawn or sell it when you badly need the money. It may not be big investment, but you need to think of something that can be valuable in the future, and you can easily dispose in case you need some cash.

Better to have it as early as now because life is unpredictable nowadays, it's better if we have our own investment that we can pass in our child or family members as part of having a generational wealth, Let's cut the toxic mentality wherein a person will leave their family members a huge debt rather than wealth, investment and trust funds? I mean, I understand that we are having different life but can we just think that as one of our motivation to have a comfortable life in the future?

Well, if the inflation is say 10% per year ...  and you have a Bank deposit of say $1 000 000 .... you will lose 10% of it's buying power every year. The real inflation is much higher than the inflation that are provided by the government.. because governments manipulate the inflation basket from which the calculation is done.

They will remove items that went up significantly or they will not add it to the basket of items that they use, so that the inflation looks much better than what it actually is.

I think, people with money in long-term fixed deposits are in big trouble... if they use all the interest that they receive from those deposits. 

Of course, it is possible to motivate ourselves to have a comfortable life in the future as long as we are willing to try to make it happen with our own efforts. Investments that can be inherited are good investments and of course our own family must be able to look after them. Because there are times when investment assets that we have saved and inherited will be sold by the next generation very easily if from now on we don't teach our own family how to look after them.

This means that we all need to look after what we have invested and what we have saved well from now onwards so that we can pass it on to our next generation. So our family and children also need to know what good investment assets are and why we try to save them as early as possible so that they can know that investment assets are very valuable assets and are also highly desired by many people, as in the example of Bitcoin in At the moment. That's what we also need to instill in them so that those who inherit the investment can also look after it well enough when we are gone.

What common mistake made by young people is they can always find time to gain money for their selves since they have plenty of time left in this world that's why they set aside those important things and take first what they can make them enjoy their life. YOLO mindset is the one actually killing their dreams so if they don't realize that certain bad things would ever happen if they didn't prepare for their future then for sure they would regret once they realize that they are in late stage on their life. There's no regret will come first as saying says so to avoid getting broke and sick when we get old much better if we are ready then prepared something so that when we became old and retired already we can still live a comfortable life and we can't bother anyone with this.

Absolutely, the whole YOLO attitude has a lot of young people living for today without much thought for tomorrow. It's easy to think you're invincible when you're young and that retirement is a lifetime away

Inflation will hit seniors hard in 10 to 20 years. There are no "ifs" or "buts." This isn't a scare tactic; inflation is real, and it makes your money worth less over time. Picture it as a slow leak in your savings account for old age. Don't think it will fix itself by magic

History tells us that the prices of living, like housing and medical care, go through the roof over time. People who are retired right now are in pain. But those who are leaving soon? It's time for a whole new level of cash stress. It's not worth as much as it used to be. Savings accounts not enough to beat inflation? They are losing value instead of getting it. What's going on now is getting worse as time goes on

So, what the hell do you do? Save a lot? Invest all of your money? There is no easy answer, but not doing anything will cost you money. This is a serious problem that needs a serious answer. It won't go away if you ignore it; in fact, it will get worse

I feel like that is reasonable to want to live life first though. If you keep on postponing life, then you could always have something bad happen in later life and then suddenly you would not only spent all your life on saving, but then lost that saving because of something bad as well. What would you gain from that? Not only you would be poor but you also could say that you never lived neither.

I am one of those people, I stayed at home all my life and didn't do anything, I didn't even live a proper life, I lived a terrible life when you look at my memories, but at the same time I have no money at all, literally zero, I am fully in debt. Don't be like me, I wish I never saved and just lived a very adventurous life when I was younger.

At least those people have money, which it can be later repurposed and used in a  more effective way, but those that have no money saved on their own are the ones that will suffer greatly during the next decades, since they are depending completely on the retirement fund they are hoping to receive, but if the system collapses during their most vulnerable moment, which is when they have retired already and cannot work anymore, they will have no way to pay for their expenses, putting them in a terrible position for the rest of their lives.

There is no need to wait for the government to announce the inflation index and we believe what they say. We can also feel the level of inflation through our daily spending, because we are the people most affected by inflation. But saying that does not mean that savings deposits will become completely useless. In the long term, saving will be bad for us, but in the short term they are extremely important. What will you do in an emergency if you have no savings? Don't be like many people here who say use all your money to invest in bitcoin to deal with inflation and don't need any savings. Because there is no guarantee that investing will always bring us profits.

It depends on how Venezuelan the economy of the country where you live becomes. Someone with financial intelligence will have prepared himself for a lifetime by saving and investing so that inflation does not affect him, and even if the country where he lives becomes hyperinflationary, to move to another country if necessary. But if we talk about people in general, not everybody is going to be prepared for it by far, many people live from paycheck to paycheck and if the policy of the country where they live ends up generating very high rates of inflation they are going to have a harder time.


This aside. The CPI is manipulated downward.