Inflation is when you pay $15 for the $10 haircut you used to get for $5 when you had hair.
Inflation is when you pay $50 for a concert ticket that, when you were young, cost $5 and included a free album by the opening act.
Inflation is what happens when your salary stays the same but everything else gets more expensive.
Inflation is why your parents always seem so much older than you are, no matter how old you are.
The mass majority of Americans are affected by this inflation and it will only get worse if we don’t start profiting from this system
Inflation is a slippery little devil. It changes everything. Your money buys less and less. The consumer price index (CPI) — a metric that tracks changes in the prices paid by consumers for goods and services — illustrates just how dramatic this change can be.
According to the Bureau of Labor Statistics (BLS), prices have risen by 2,515% in the past 100 years, with an average annual inflation rate of 3.22%. So, if you paid $100 for something in 1920, it would cost $2,615 today.
What does this mean? It means that most people’s incomes haven’t kept pace with inflation over the years, which is one reason why more people are looking for ways to generate passive income.
The vast majority of Americans will be affected by rising interest rates in one way or another. And with the Federal Reserve raising rates, financial experts expect the rest of the market to follow suit.
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It is about time for Americans to take control of their life to set aside a source of income as well as save for their grandchildren.