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Inflation also eats into the nest egg of future retirees, and voters, Americans

2022-11-06T19:37:07.078Z


Rising interest rates caused bond values ​​to fall. A disaster for small savers.


Washington Correspondent

The worst wave of inflation in over forty years is hitting Americans far beyond their daily purchasing power.

Their future plans, the financing of their children's education, the date of their retirement are also affected.

Indeed, inflation has triggered a surge in interest rates which is causing the value of their movable and immovable assets to plummet.

The result is a trauma that handicaps Democrats, on the eve of the midterm elections on Tuesday, November 8, eager to prove that they have done a good job in Congress for two years.

Retirees and those close to retirement age are among the most obvious victims of inflation.

This explains, at least in part, their high level of participation and voting intention for the Republicans.

In Florida or Arizona, for example, their weight is significant.

Read alsoUnderlying inflation is getting worse in the United States

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Source: lefigaro

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