Swati CA

Swati_CA column in The Hindu Business Line

Monday, February 12, 2007

How inflation hits hard the pensioners


Woes of the senior citizens


It is not often that I visit the pharmacy, which is good, in a way. Yet, I had to go to a drug-store nearby a few days ago, to buy lozenges for my sore throat.


At the entrance, I saw an old couple who stay in the block adjacent to mine. "Hi," said grandpa, as he is known. And the grandma was anxious to know what brought me to buy medicines. We three spent some time talking about work and weather, traffic and TV, and soon our discussion veered towards microeconomics.

"Our interest income is not enough these days!" said grandpa, shaking his head ruefully. And his wife chipped in: "Expenses keep increasing, even for our bare minimum needs..."


I wanted to ask them if they were curtailing their medicines on account of price increases, which I suspected could well be the case. But before I could manage to take the topic forward, they said `bye', amazingly cheerfully, and slowly moved away.


The thought that kept coming back to me thereafter was about the adverse impact of inflation on pensioners who depend on interest receipts. Send in your thoughts by Friday.



3 Comments:

  • At 6:57 PM, Anonymous TVS Manyam said…

    These are hard times for pensioners. Ironically this problem is most acute is places where the IT crowd is most visible like Bangalore, Hyderabad, and Pune- all prevously pensioners favourites . Even with its IT progress Chennai seems less impacted. Pensioners in places like Calcutta,Bhubaneswar,Madurai, Trichy, Vijayawada where the IT presence is less are better off than their counter parts in the IT hubs. With falling interest rates it is a double whammy.

     
  • At 2:36 PM, Blogger kaushik said…

    as a regular reader of ur blog i m compelled to ask why isn't there any posts lately????

     
  • At 7:41 PM, Blogger Surya said…

    hey nice topic to talk bout...
    with increase in old ppl leading a lonely life... with little support from the genext... situation seem to gettin out of hand....

     

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