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Retirees Struggle as Inflation Lingers | Raleigh News
Inflation may be slowing, but for retirees like 75-year-old Lawrence Peterson, the squeeze is still crushing—forcing him back to work after 17 years of retirement. While prices dipped last month, the biggest drop in four years, they’re still way up: beef +12%, coffee +16%, tomatoes +24%. Economists warn that even with slower growth, the sticker shock from years of rising costs is hitting fixed-income households hard. Some cut back on dining out, others re-enter the workforce just to survive. The economy may be improving on paper, but real-life budgets remain strained—unless income keeps pace…
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