Here’s How Rising Gas Prices Impact Retirees

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Have Gas Prices Affected You?

While many people use their retirement as a time to travel or even move, there’s one little (or big) issue that’s stopping some from hitting the road.

Rising gas prices are a problem across the country, and this surprise fee could put retirees’ well-earned travel plans on hold. Even with the Social Security COLA of 2022, the added price at the pump could cancel out what many seniors thought would be a boost for their retirement plans.

Especially with COVID restrictions easing heading into spring after a two-year pandemic, this should’ve been a time for seniors who had worked hard and saved up all their lives to enjoy their reward – but for many, this won’t be the case until gas prices go down.

Are gas prices impacting your travel plans, your move, or even just your budget? Tell us in the comments – and follow us on Facebook and Twitter for more information about retirement life.