During inflationary times, the value of money decreases, affecting your buying power. At the same time, the Federal Reserve raises rates to keep inflation in check, making it more expensive to borrow.
inflation
Protect Your Retirement Savings from Inflation
If you’re worried about the effects of inflation on your retirement, here are six tips to help you stick to your plan.
6 Tips to Save, Borrow and Spend During Inflation
Inflation has caused prices to spike 8.3% over the past year. Consumers are feeling the pinch — from the basics such as food, gas and cars — to just about everything else.
Here are six financial moves to help you make the most of your money. Continue reading
It’s a Money Thing: How to Counter the Effects of Inflation
When most people think of inflation, their response is usually similar to when they see a vintage advertisement: reminiscing about the cheaper prices of the past (15 cents for a burger? Awesome!) while simultaneously feeling some resentment towards today’s ever-rising prices. Generally, inflation is seen as a frustrating “financial fact of life” that passively affects everyone as price levels climb and as the dollar’s purchasing power decreases over time.