By David Ning
One of financial realities that many forget to consider is inflation. This is because inflation is relatively sneaky. You don’t see it in your taxes, and you don’t write a separate check for it. Instead, inflation manifests itself as a subtle reduction in your purchasing power. Think about what you could buy with $5 10 years ago compared to what $5 will get you today. I remember when you could buy penny candies and when gas was right around $1 a gallon. Those days are long gone — thanks to inflation.
What is Inflation?
Simply put, inflation is the way that prices rise over time. Inflation is usually described as rising prices, or a decline in the value of dollars. Either way, your purchasing power is eroded and you have to spend more money to get the... More...
