What Should You Do About the Highest Inflation in 41 Years? Inflation rose to 8.6% in May, according to the Bureau of Labor Statistics. That’s the fastest year-over-year mark since December 1981. The financial markets immediately sold off, as the number was much worse than anticipated. Inflation hits retirees the hardest, Clark says. Here’s his best advice for anyone to counteract inflation. It’s also a great time to review your spending habits. Here are 35 ideas for cutting back. You can also consider buying Series I Savings Bonds, which track inflation, or U.S. treasury bonds. Although there’s a lot of fear in the marketplace, Clark reminds us that some of the biggest stock market gains happen on very few days – usually on the heels of fear and negative performance. It’s a long-term game. Things will get better, so it’s important to stay the course.
