Valentine’s Day is next Monday, and it sure is going to be expensive.
In the last year:
- The price of champagne has soared 18%.
- The cost of a dozen roses has jumped 22%.
- And the bill for a filet mignon dinner is up a whopping 154%.
What’s the problem here? Inflation.
Today, I’ll start showing you how to deal with this problem…
Before it ruins your Valentine’s Day, your savings account — and maybe even your retirement.
Prices Are Skyrocketing
You’ve probably seen the headlines…
America has an inflation problem.
From December 2020 to December 2021, the price of goods and services increased 7%. That’s the highest rate since 1982. For example, the price of used cars surged more than 37%.
But it’s not like you buy a car every day. More problematic are the increases in basic goods like food and electricity. Here are a handful of the increases, according to a recent Forbes report:
- Meats, poultry, fish, and eggs: 12.5% increase.
- Fruits and vegetables: 5% increase.
- Electricity: 6.3% increase.
- Furniture and bedding: 13.8% increase.
- Women’s dresses: 8% increase.
Is this normal?
The Secret Retirement-Killer
Historically speaking, prices go up by about 2% to 3% per year.
For example, you can probably remember when going to the movies cost about $5. But today in New York City, a ticket will run you nearly $20.
As you probably know, this phenomenon is called inflation.
But what almost no one talks about is this:
Inflation is the secret retirement-killer.
You see, even with a “low” inflation rate of just 2% to 3%, prices double every couple of decades.
To put this another way, your money will only buy half as much as it used to — and your retirement fund might only last half as long as you’d planned.
A 75% Hit to Your Portfolio
But here’s what’s so scary:
Because the U.S. keeps printing trillions of new dollars, inflation keeps skyrocketing.
And the Fed is having a hard time controlling it. As CNBC reported, the Fed is “wrestling with inflation that has been more aggressive and persistent than they had anticipated.”
And as Forbes reported, “When it will start to subside is still unknown.”
This is a dark omen of what’s to come. With 5% or 6% inflation, instead of doubling every 20 years, the cost of basic goods and services will increase by about 4x. And that means you could be paying 4x more for your rent, your groceries, your travel, etc.
In other words, your retirement nest-egg will be worth just 25% what you thought it would be worth.
A Way Out of this Mess
This is terrifying.
Imagine that you finally retire, you’re finally able to spend time with your friends, family, and loved ones....
And then, when you turn 70 or 75, you have to go back to work.
But as Wayne will start to show you tomorrow, there’s a way out of this mess…
It’s a way to protect yourself from inflation, and save your retirement.
So stay tuned. Wayne will reveal more tomorrow…
Best Regards,
Founder
Crowdability.com
