How Much Are You Left With After Inflation?

In 1960, a gallon of conventional whole milk was 31 cents, and today it’s $3.77 on average.[1] A few dollars might not seem like much, but that’s a 1,116% increase. Now that we’re seeing high inflation, the buying power of your money – including your retirement savings – could be seriously impacted. When calculating how much money you need to retire, consider what you’re left with after inflation. The Eroding Effects of Inflation We’ve seen sustained inflation for some time now, and no one knows when it will end. Year-over-year inflation was 7% in December, 6.8% in November, [2] […]