[SeekAndFind]

RE: Since with most people $100 is their maximum savings and they don’t pay taxes the correct answer stands.

As long as inflation is less than 2%. But is that really true?

People never, ever factor in taxes AND inflation. THAT is the problem. These are the two enemies of future income.

And yes, THEY SHOULD BE TEACHING THESE IN SCHOOL AS EARLY AS POSSIBLE.

[Starstruck]

As long as inflation is less than 2%. But is that really true?

But the question was do you have more than $102. If the question was "if the inflation rate is 2% or more during that period do you have more buying power?", then the answer would be no. Answer the question as asked.

[Sequoyah101]

Strangely, in spite of my professor father’s ridicule of the discipline of industrial engineering, I believe Engineering Econ was one of the most valuable classes I took.