New Tariffs Are Impacting Senior Citizen Budgets in Five Areas of Their Lives

ONE / Higher Prices on Everyday Essentials

Tariffs increase the cost of imported goods, and that cost often gets passed on to consumers. Seniors on fixed incomes are hit harder when food, medicine, mobility aids, or household items become more expensive.

TWO / Impact on Healthcare Costs & Medical Supplies

Many medical devices, supplies, and pharmaceuticals are either manufactured abroad or use imported components. Tariffs on these items raise costs, leading to higher out-of-pocket healthcare expenses for seniors.

THREE / Erosion of Fixed Income Value / Inflation

Fixed incomes such as Social Security or pensions don’t always adjust with inflation. If tariffs contribute to inflation, seniors’ purchasing power shrinks, forcing cutbacks in other areas.

FOUR / Effect on Retirement Savings / Investments

Tariffs can affect corporate profitability, especially for companies' dependent on global trade. This impacts the stock market and retirement portfolios, leaving seniors with reduced returns and less recovery time.

Shipping containers are stacked at a port, highlighting the impact of new tariffs on consumer products imported from foreign countries.

FIVE / Additional Costs in Housing or Senior Living Facilities 

Tariffs on construction materials and supplies increase costs for senior housing and care facilities. These higher expenses may be passed along to residents as increased rent or service fees.

Yuma Senior Living provides residential options for seniors with fixed incomes, including those affected by tariffs.  Come visit us to see all that we have to offer.