Inflation in the US economy is real, and likely to get worse. Those wishing to better understand what inflation is and how it affects retirees can reference my May 11 blog post.
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Posts about Inflation:
If you live in certain portions of the Midwest and Atlantic coast, you're probably dealing with a terrible swarm of nasty bugs right now. These bugs appear periodically, preying on innocent people. Overcome with fear of these horrible creatures, some are no longer able to enjoy time with friends and family. Instead, they huddle inside by the TV waiting for the next dire report to be published about the destruction sure to ensue.
In 1985 the movie “Back to the Future” was released. As Wikipedia explains “Set in 1985, the story follows Marty McFly (Fox), a teenager accidentally sent back to 1955 in a time-traveling DeLorean automobile built by his eccentric scientist friend Doctor Emmett "Doc" Brown (Lloyd). Trapped in the past, Marty inadvertently prevents his future parents' meeting—threatening his very existence—and is forced to reconcile the pair and somehow get back to the future.” It's now 35 years later and I can’t help but wonder if we aren’t facing another crisis that could use some time-traveling help. You see, it’s been nearly that long since investors had to face down the terrible financial menace called inflation.