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If a retired worker receives a fixed income of 45000 a year from a pension plan and there is a fall in the economy this year resulting in deflation then?
Wiki User
∙ 7y ago
If there is deflation and the retired worker's pension income remains fixed at $45,000 a year, the purchasing power of that income would increase because prices are falling. This means the retired worker would be able to buy more goods and services with the same amount of money. However, it's important to consider the potential impact of deflation on other aspects of the economy, such as interest rates and investment returns.
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A regular payment made to person after he or she retires?
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