It is a challenge for everyone so what more with retired people recieving a fixed amount in every month? And this is already at the present; we will be needing that number of yours to see it, just open our eyes. Price of goods are becoming more expensive and to most of the third world countries wherein adjustments in salary takes long to reflect, it is clearly a challenge to make a living out of this problem.
It is already causing lot of problems for retired people. How much will this problem intensify in future ?
Not only a problem for those who have retired but almost in all people who do not want to invest as soon as possible, thinking by work will be able to meet all needs including desires forever, even though they can lose jobs or if they continue to work, inflation will make all needs increase in price and slowly become it is difficult even just to meet the main needs because salary increases are not comparable to the increase in food and others.
This problem will increase in the future specifically for poor and developing countries, and also for people who do not want to invest, because only investments can help us to defeat inflation.
Actually, what I am seeing now is young professionals having two or more jobs in order to catch up or adjust with inflation. This is just how bad inflation is; imagjne getting home from work and will be needing to do more, just to maintain a certain lifestyl you freely do before. Investments could be a huge help only if it would really be profitable and as we all know, things doesn't happen instantly and easily given how risk is present to all of investments. Unfortunately, I cannot also see that things will still be aided even in the future. Third world countries might even stay in such position due to economy's circumstances.