Posted on 06/22/2021 3:17:42 AM PDT by gattaca
Inflation increased by 5 percent from May 2020 to May 2021, as reported by the U.S. Bureau of Labor Statistics. The projected inflation for the coming year sits at 2.26 percent. Still, those saving for retirement and considering their future are frequently feeling nervous.
Perhaps rightly so. “While a moderate and consistent degree of inflation is generally considered a sign of economic health, rapid price increases can have a destabilizing effect on an economy, and they can jeopardize hard-earned retirement savings,” says Thomas J. Brock, a financial advisor at Best Small Business Loans. “Over a sustained period of time, the result can be devastating, financially and emotionally.”
To mitigate risks associated with inflation and retirement savings, it can be helpful to understand how inflation works, along with its impact on long-term savings and spending. Following is a brief look at what inflation is, how it can affect retirement accounts, and what you may need to consider when facing a period of inflation.
(Excerpt) Read more at theepochtimes.com ...
Ha! Are they in for a surprise! (Actually I think they know the truth and are lying to us). Unless they are projecting 2.26 percent per month. That comes to a yearly rate of 31%. How do I know this ? Inflation follows the money supply and that is the rate the money supply has been growing recently.
All caused by this criminal coup regime in place
All one can do is go to war to cut costs. Maybe buy everything you can while you can afford it.
It goes much further than that, but the latest band of criminals has greatly accelerated it. Reagan would not get elected today ... too many people have been bought off with free food, phones, student loans, housing and that is before we get into corporate and university welfare. And even Reagan could not stop the juggernaut.
We are either very close or may have passed the point already ... entitlements plus interest on the debt exceed revenue. Look for sovereign jubilee for the government to get out of its problem, but that won’t benefit the average person.
Bkmrk
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