Escalating cost of living tarnishes the golden years for pensioners
When Doreen Noseworthy retired in 2002 after a teaching career that spanned almost four decades, she believed she and her husband, Gerry, an accountant, were set for life. What they did not foresee was the sharp escalation in the cost of living in recent years that would see the buying power of their fixed income shrink precipitously.
When Doreen Noseworthy retired in 2002 after a teaching career that spanned almost four decades, she believed she and her husband, Gerry, an accountant, were set for life. What they did not foresee was the sharp escalation in the cost of living in recent years that would see the buying power of their fixed income shrink precipitously.
