Inflation hits older Americans hard as financial struggles mount

An analysis of US Census data showed that older Americans are hit hardest by high inflation, with increasing difficulty meeting their household expenses. The share of people age 55-64 who said they had difficulty paying their bills in the last seven days rose eight percentage points in late April to early May versus a year ago. Thirty percent of people over 65 are experiencing financial difficulties, up 7 percent from a year ago.