Wednesday, December 03, 2008 | 3:06 p.m.

Bit By Bit, Inflation Takes a Crushing Toll

by Terry Savage

Why worry about a little inflation? Because even a little bit adds up over the years and can make a real dent in your wealth — if you haven't prepared with investments that will not only match, but outpace, the ravages of inflation.

Our average historical inflation rate, going back to 1913, is an innocuous looking 3.42 percent a year. But that "tolerable" rate adds up to a total of more than 2,000 percent inflation! Or to put it another way, $1 today is only worth 4.8 c ...

( Back to Article )

Join the Discussion

0 Comments | Post Comment
Already have an account? Log in.
New Account  
Your Name:
Your E-mail:
Your Password:
Confirm Your Password:
Creators.com comments policy
 

Wednesday, December 03, 2008 | 3:06 p.m.
About Creators | Privacy Policy | Contact Us | Editor's login | FAQ | En Español
Copyright © 2006 Creators.com. All Rights Reserved.
Web Development by JJCO