Inflation: What Is It And Why Does It
Inflation: What Is It And Why Does It Happen? It is my uneducated opinion that inflation has been minimal because people have relied on the stock market boom of the 90s to supply extra cash. David Berky is president of Most people get a pay raise every year or every other year that either keeps pace with inflation or helps them move a bit ahead.But when you are looking at the long run and making long term plans, inflation can have a big impact.For example if you are 30 right now, wouldn’t it be great to retire with a million dollars when you are 60. But people can only stand so much debt. If you only invest $100 a month you will need an average return of 18.4%. increase you are forced to live on less or hit the boss up for a raise. If there are only a 10,000 Beanie-Babies, “Tickle-Me-Elmos”, “Chicken-Dance-Elmos”, or what ever the current toy-craze is, and there are 100,000 people that want one, the price is going to go up.If mad-cow disease causes cattle ranchers to destroy large portions of their herds and there is less beef on the market, the price of beef will go up.If interest rates go up, [...] But overlooking it or downplaying its effects can cause you to miss your financial goals by a wide margin.
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