On the other hand, price inflation will eat up your retirement if you don’t account for it when you determine how large a nest egg you’ll need. And you need to watch out for unreported price increases as well. Just because the government says inflation is 2% doesn’t mean that the things you need to buy haven’t gone up way more than that (like food, medicine, and energy).
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Steady, significant? Not the profile of the average spendthrift American.