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Kiplinger
Kiplinger
Business
Donna Fuscaldo

Stagflation: What It Is and Why Retirees Should Care

Eric Diton David Blanchett Inflation DOGE Economy United States Nasdaq
Oldder couple in the 1970s .

Forget inflation; stagflation is the back-to-the-future buzzword on Wall Street, and it could spell bad news for retirees.

While the U.S. economy isn’t officially in a period of stagflation yet, signs are pointing in that direction. The Gross Domestic Product (GDP) fell 0.3% year-over-year for the first quarter. This period marked the first quarter of negative growth since the first quarter of 2022.

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