Answered

Inflation can cause difficulty in many ways. Which group would have the greatest problem during periods
of high inflation?
A. Young working couples with no children.
B. Older people living on fixed income.
C. Young working couples with children.
D. Older working couples saving for retirement.



Answer :

GinnyAnswer

Final answer:

Older people on fixed incomes face challenges during high inflation as their purchasing power diminishes.


Explanation:

Older people living on fixed incomes would have the greatest problem during periods of high inflation. Fixed incomes do not usually increase with inflation, causing their purchasing power to decrease. This group may struggle to afford the same goods and services due to the rising prices caused by inflation.


Learn more about Inflation and its impact on specific groups

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