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How inflation can hurt and help consumers, according to economists

A person shops for groceries on March 10, 2022 in the Prospect Lefferts Garden neighborhood of Brooklyn.Michael M. Santiago | Getty Images News | Getty ImagesInflation hit a new 40-year high in June, and policymakers are working feverishly to tame it — perhaps...

Why inflation is less likely to hurt retirees

Inflation has continued to rise, but some retirees won't feel the brunt of many soaring costs, experts say.Annual inflation jumped by 9.1% in June, growing at the fastest pace since late 1981, the U.S. Department of Labor reported Wednesday.Higher prices have many worried,...