Bit By Bit, Inflation Takes a Crushing Tollby Terry SavageWhy 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 )
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