Inflation and a Gallon of Milk

In 1960, a gallon of conventional whole milk was 31 cents, and today it’s $4.21, on average.[1] A few dollars might not seem like much, but that’s a 1,258% 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 Value of Money Over Time When you think about the fact that almost everything you buy is increasing in price, inflation is a major concern. The value of your money […]