Pollfish conducted a survey on behalf of Caring, a senior care referral group. The results suggested most seniors reduced their spending due to inflation, with 94% of seniors cutting back on recreational spending, almost 50% reducing their energy usage, and more than 35% of seniors canceling trips to see family. 14% of seniors skipped a meal in order to save money, with others needing to push back medical operations or ration medication.
From The Epoch Times:
About two in five seniors worried they won’t be able to afford food and household necessities. About the same amount worried they won’t be able to afford to put gas in their car. ... The Biden administration claimed to have addressed inflation with the Inflation Reduction Act earlier this year. Critics have pointed out, however, that the bill does little to alleviate inflation in the short term. Much of it was in fact focused on climate change. The administration has emphasized the bill should lower healthcare costs, yet the survey showed that this isn’t the primary concern of seniors. Only about 21 percent said they noticed increased healthcare costs due to inflation. By contrast, more than 94 percent noticed higher grocery prices; 85 percent noted higher gas and transportation prices; 73 percent saw household necessities getting more expensive; and more than 66 percent noticed higher energy and utility bills.
