UNEXPECTED INFLATION AND SUSTAINABLE RETIREMENT INCOME
Unexpected inflation can have significant effects on retirement income, primarily because retirees often have fixed incomes or income sources that do not adjust to inflation, especially those that do not have a retirement plan in Sri Lanka . Here is how it can impact retirement income: · Decreased Purchasing Power: If a retiree's income remains constant while prices rise due to inflation, their purchasing power diminishes. This means they can buy fewer goods and services with the same am