Losers from inflation include:
A) those on a fixed income and savers.
B) landlords and the government.
C) borrowers and the government.
D) those on a fixed income and borrowers.

Question

Quizplus · Accepted Answer

Inflation reduces the purchasing power of money, which affects those on a fixed income (such as retirees) as they are unable to increase their income to match the rising cost of living. Savers also lose out as their savings are worth less in real terms due to inflation.

Losers from Inflation Include