Inflation had been a problem for a lot of people. The retirees are the ones that have been facing the full force of inflation, though, and it is indeed something that is going to cause more problems in the future too. There have been several people that have been facing the problem as Linehan here.

Rising inflation is a concern for Kevin Linehan, 68, a retiree in Fitchburg, Massachusetts. After a heart attack at age 44, Linehan left his career with the Postal Service early, opting for reduced disability retirement income. “It wasn’t the best financial thing to do,” he said. “But at the time, it seemed like my life was more important than the job.”

Inflation is The Silent Killer

Linehan had noticed a spike in the rise of the necessary items in life and gasoline too. All the foods and necessities are also facing a high rise in price. “It’s like now that we’re getting over [the pandemic] everybody’s jacking prices up,” he said.

The rising food costs have been particularly troubling for Linehan, who receives monthly benefits from the Supplemental Nutrition Assistance Program, known as SNAP. While SNAP benefits grew during the pandemic, he expects it to drop back to $16 per month once the state’s Covid-19 relief runs out.

“I don’t know how much longer, [the extra benefits] are gonna last, but that’s helped me out tremendously,” he said.

“Inflation is the silent killer,” said certified financial planner Brad Lineberger, president of Seaside Wealth Management in Carlsbad, California. “It can erode purchasing power to the point where someone wakes up and can’t live the lifestyle they once did because they can’t afford to.”