The title of this edition could also be called “A Deeper Dive into Inflation.” Inflation is serious stuff – for people of all ages. Consider that lots of younger people (under the age of 45) have far less awareness of inflation because they have not experienced serious and sustained inflation in their lifetimes. Those of us in our 50’s and older have likely been stung by this invisible enemy – sometimes really stung!
The reason why inflation matters so much is because it is like a thief who literally takes a chunk of your money every time you go to buy something – especially something you really need or want. So then, you must reach deeper into your pockets to pay more for whatever you were about to buy. What if you were already spending pretty close to 100% of what you make? Or what if you are retired (or close to retirement) and are on a fixed income… and already figured out the life of your dreams and what it would cost?
