Standard Life Reveals Inflation Is Able To Reduce a Retiree’s Purchasing Power by 68%
Standard Life, the savings and investment specialist, has warned the results of inflation can seriously damage one’s retirement wealth. New data released today demonstrates a 90-year-old who retired almost 30 years ago, when petrol cost 35p a litre, could have seen the purchasing power of a £10,000-a-year level pension income fall to just £3,207 today. [...]
