A short article on inflation
Link Here
Just added this here cos it looks like I can learn something about inflation.. article speaks about inflation proofing your stuff..??
A rather compelling excerpt:
"Inflation isn't something only Bernanke should be worried about. Even moderate inflation can take a heavy toll on your nest egg. Let's say inflation averages 3% over the next 30 years--a rate not far from the Fed's long-term target. By the end of those three decades, $100,000 would be worth just $40,000 in today's dollars. Higher inflation poses an even more serious threat. If inflation clocked in at 6%, the purchasing power of $100,000 would fall to just $17,000. At 10%, $100,000 would be worth a meager $5,700 in today's dollars."
Just added this here cos it looks like I can learn something about inflation.. article speaks about inflation proofing your stuff..??
A rather compelling excerpt:
"Inflation isn't something only Bernanke should be worried about. Even moderate inflation can take a heavy toll on your nest egg. Let's say inflation averages 3% over the next 30 years--a rate not far from the Fed's long-term target. By the end of those three decades, $100,000 would be worth just $40,000 in today's dollars. Higher inflation poses an even more serious threat. If inflation clocked in at 6%, the purchasing power of $100,000 would fall to just $17,000. At 10%, $100,000 would be worth a meager $5,700 in today's dollars."
posted by god_is_good478 at 10:06 AM
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