WATCH: GOP Senator Says “Democrats Are Looking for Anyone to Blame” for Inflation

Senator John Barrasso told ABC News‘ George Stephanopolous, “Joe Biden can’t hide from the fact that he is the president of high gas prices. [Democrats] are looking for anyone to blame, whether it’s Putin, Republicans, energy companies, or Covid. They have a very big problem with 40-year high inflation and the highest gas prices ever.”

Americans, especially those who are retired, can feel the pain of inflation eating into their budgets. And they don’t see any sign it’s going to get better, only worse.

Action Line: Inflation is a stealth tax on your retirement and your standard of living, and if you don’t plan for it, life can become very difficult. If you’re retired or soon to be retired, you need to build your investment portfolio with inflation in mind. If you need help, I would love to talk with you. If you would like to get to know me before we talk on the phone, there’s no better way than signing up for my free monthly Survive & Thrive letter. In the letter each month, I encourage and push you to achieve the personal and financial security goals you’ve set for your family. Click here to subscribe. We’ll get to know each other, and get serious about your future success.