Inflation has been in the news a lot over the past few years because it started soaring in 2021 and has been fairly rampant ever since. Granted, Inflation has more recently started to cool nicely, and consumers may be in for some relief in 2024.

But one thing to be aware of is that inflation isn't a temporary trend. Rather, it's a persistent economic factor that has the potential to impact retirees in a negative way.

Over time, the value of a dollar is likely to erode. And so saving $100 for retirement today doesn't guarantee $100 worth of buying power in 20, 30, or 40 years down the line.

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Source Fool.com