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Inflation

Inflation is Tough to Deal With

Inflation is the sustained increase in the general price level of goods and services in our Economy over time. This means our Money gradually buys less than it used to because prices are rising. Inflation might sound like an abstract economic term, but its ripple effects touch nearly every part of daily life. It erodes purchasing power, it hits fixed income of retirees quite hard, and it distorts what we thought was our safe savings. Our Experts in this part of the site talk about how inflation is changing our Lifestyle.

Inflation is caused when too much money is chasing too few goods, meaning demand outpaces supply. It also can be caused by supply shocks like wars, pandemics or trade disruptions such as tariffs. Oil and gas spikes cause inflation because they ripple through the entire economy affecting transportation, manufacturing and household bills. Inflation is a crucial factor to consider in Retirement Planning.