Published: Sep 13, 2024
Duration: 00:00:57
Category: People & Blogs
Trending searches: inflation rate
inflation is a brand new problem for this new generation and we haven't seen these levels of inflation since the 70s or 80s and it may never go away because of government spending and money printing fortunately for you there are strategies to help beat inflation and they are investing your money earning more income and managing your expenses we'll show you on hemisphere our free retirement planning software how these strategies can help you beat inflation so we're at age3 retirement age of 65 the salary of $128,000 you have an idea what 6 $5,000 could buy you a modest middle class lifestyle so now in the year 2059 that same lifestyle at that $65,000 will cost $130,000 so let's see what happens when we increase the inflation rate 3% as you can see the age our money last dropped till 75 years old from 96 because of inflation growing a lot faster than what we projected now that's pretty scary right it dropped over 21 years