Inflation has been soaring this year. And while that's definitely had an impact on working families, it's perhaps had an even more drastic impact on retirees.

Many retirees live on a fixed income, and many don't have much in the way of savings to tap. As such, seniors commonly end up reliant on Social Security to stay afloat.

But if those benefits are your primary or sole source of income, you may find that they just don't give you the buying power you need to maintain a decent lifestyle. And so you may be thinking about getting a part-time job to supplement your income.

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Source Fool.com