Inflation

Posted by on Nov 9, 2016 in Financial Focus, Retirement Planning

Inflation can be intimidating.  Knowing that we’ll need more money to buy the same amount of goods we are buying today can be daunting.  This is the reason savers choose to invest, so as to keep the purchasing power of their hard earned dollars ahead of inflation.  But not all products, goods, and services inflate at the same rate.  The Visual Capitalist recently posted an infographic describing what’s increased in cost over the past 20 years vs. what’s decreased in cost over the past 20 years.  Not surprisingly, college tuition and textbooks topped the list of biggest inflators.  Televisions and toys have actually fallen in price over the same period.   Good thing, parents will need to save that money for their children’s educations!  You can see the full article here.

inflation

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