...after 1 year at 5% inflation, a $100 item now costs $105, but after another year, it costs $110.25… at that rate, prices will DOUBLE in a little over 14 years.
According to the Motley Fool, the average retirement lasts 18 years, so if 14 of those years have 5% or more inflation, annual expenses for the average retiree will more than double during their retirement years.
Maybe I'll send joe mansion some steak and ask him to vote NO on all new spending.
Wow, just checking prices on an el-cheap-o tire for my lawn trailer, small 4.00-6, and a few year ago got one for $8 - $10. Man, they have doubled, tripled in price just the past couple of years. When will it end? Yeah, when Brandon is gone. But, prices will not return to lower dollars.
