What is the main problem for people on a fixed income during a period of chronic inflation?

Social Studies

2 answers:

asambeis [7]3 years ago

5 0

The correct answer is A.) Their income will not increase, so their purchasing power falls.

LUCKY_DIMON [66]3 years ago

4 0

Answer: Their income will not increase, so their purchasing power falls.

Naturally, a fixed income will not be given any amount of raise especially in a widespread inflation crisis thus people earning in fixed income suffer. When there is chronic inflation and the people's wage remains the same, people will not be able to buy supplies that will sustain their daily needs.

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