coripowell2572 coripowell2572

10-07-2018
Business

contestada

Mr. divers retired last year with a small pension. he also has a mutual fund account made entirely up of stable fixed-rate bonds. between the two, he is able to live quite comfortably. how will unanticipated inflation affect mr. divers' retirement account?

Respuesta :

MrsTriplet MrsTriplet

19-07-2018

Mr. Divers will be affected bey th unatnticpated inflation causng his retirement account to be worth less in the future than before inflation. Due to inflation, the prices of goods and services rise causing his money to be spent in a shorter time period on less items then it would have if it were spent without any type of inflation issues.

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gracebmatthews gracebmatthews

18-11-2020

Answer:

He is hurt because his income will buy less in the future than it would before inflation.

Explanation:

The value of money in the future decreases as inflation occurs.

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