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THE IMPACT OF INFLATION
Jun 01, 2018
When the prices of goods and services increase over time, consumers can buy fewer of them with every dollar they have saved.
This erosion of the real purchasing power of wealth is called
inflation. Inflation is an important element of investing. In many cases, the reason for saving today is to support future spending. Therefore, keeping pace with inflation is a crucial goal for many investors.
This article
will assist in understanding inflation’s impact on purchasing power.