I like your first statement that acknowledges the plague of inflation on the retirees, there is nothing good about inflation, except for those who are using the advantage to make more money. Inflation affects everybody no matter what they do, especially times they are no more earning so much from the government or their old employees (depending on the country). In this sense, they would feel it much to the point that they wish they had done things differently when they were young. Even if these people plan for their retirement very well, inflation will devalue the money they saved in decades, which is very bad.

You can imagine in my country, if I view this roughly on average, the retirees who had saved for more than 30 years would have their money devalued by more than 1000 now. This is pathetic and speaks of a country that never plans for its future. Going forward, of course, it would be worse because I have not seen anything rising in price in my country that reverses itself anymore.