Like every other age demographic right now, Canadian seniors are being forced to make tough choices, cutting out frills and nice-to-haves in the face of near 40-year-high inflation rates.
But older adults also face a unique, less-talked-about challenge — the increased social isolation that experts say often occurs as a result of high inflation.
But getting about costs money, even if it’s just to meet friends for coffee, to drive to a faith service, or to take the bus to a fitness class. Older adults are also worried about their investment portfolios, as inflation weighs on the stock market. And for those who have been banking on the equity in their home to support their retirement, rising interest rates and their affect on the housing market are a real concern.
She also doesn’t own a car and though she’s an avid public transit user and community volunteer, her social life has narrowed.
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