Inflation comment: “take out a serious chunk of peoples’ nest eggs”

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Elliott Silk, commercial director at Sanlam, comments on inflation rises:

Posted inNews archiveon17 May 2017

“The rise in inflation for the third month in a row is likely to damage retirees buying power and is set to take out a serious chunk of peoples’ nest eggs. Many don’t appreciate the true cost of inflation. For those who retired before 2010 and took out a fixed annuity, the cost can be staggering. As bills rise across the board, retirees on a fixed income begin to feel the inflation pinch. As we enter this period of increased inflation, one of the ways people

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