Is inflation really bad for most people?

[doc03]

12. Inflation affects retired people on a fixed income more than most. Sure we get a COLA raise

n SS, then the Medicare and insurance premiums increase. If you have a pension from your employer most
don't have a COLA increase. My father retired in 1972 he got his SS and a pension of $300 a month from his employer
and they got by pretty well. They moved to Florida in 1974 and bought a mobile home. In 1974 their HOA was
$80 a month. Six years later in 1980 they had to move back to Ohio their HOA took their entire $300 pension. In 1973 I bought a new
car for $4000. In 1977 I traded it in on similar new car that had a sticker price of $8500. Myself I did really well
because at the time our union contract had a COLA increase every quarter. In the 1980s we lost all our nice union
perks like the COLA when Reagan started breaking all the unions. I retired in 2010 with a pension but even with low
inflation the last decade it has lost about 25% in buying power.