Question

1,2,3,4,5,6,7?
Choose the group of people that suffer during times of inflation ?

Answer 1

1,2,5 and 6

Step-by-step explanation:

•Retirees on fixed income because the prices goes up,while their income remains the same

•Lenders because the value of what is paid back is reduced and it is easier for the borrower to pay back

• Savers also are affected because the value of the money in their savings will drastically be affected

• Workers in low skill jobs suffer because they earn minimum income but prices of the things they but increase