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Fighting inflation? Experts offer tips based on your age

Financial advisers have a bag of tricks to help consumers cut back on household budgets

Olivia Jurkovich paid $53 for a partial tank of gas one day this month. That's $20 more than what she normally pays to top off her Mazda SUV.

"I was just shocked," said the 18-year-old who grew up in Woodbury and who until recently worked in a coffee shop. "It is crazy to see how much more money I have to spend on gas, so I have to kind of cut back on other things."

Inflation is causing headaches for every generation of consumer as U.S. inflation rates reach levels not seen in 40 years. Financial consultants say there are vital ways to combat the pain, but the approach will differ depending on age, career level, income and the level of anxiety rising prices bring.

https://www.startribune.com/how-to-deal-with-inflation-depends-on-your-age/600159616/

 

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