Valentine’s Day is next Tuesday, and it’s going to be expensive.
In the last year or so:
- 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.
So 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 2021 to December 2022, the price of goods and services increased 6.5%. That’s nearly the highest rate since 1982.
The thing is, the prices of basic goods like food and electricity are increasing at an even higher rate. Here are a handful of the recent increases, according to a 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 set you back 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.
That means your money will only buy half as much as it used to…
And your retirement funds will last just half as long as you’d planned.
A 75% Hit to Your Portfolio
But here’s what’s so scary:
Despite the Fed’s best efforts, inflation keeps skyrocketing.
For example, last week, the January Jobs Report was released. Things were supposed to be slowing down. But instead, the economy added 517,000 new jobs and the unemployment rate dipped to the lowest level since 1969.
You know what that means: increased wage growth — and increased inflation!
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 [inflation] 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.
That means you could be paying 4x more for everything, from your rent to your groceries to your travel.
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’re forced to go back to work.
But as Wayne will show you tomorrow, there’s a way out of this mess…
It’s a way to protect yourself against inflation, and a way to potentially save your retirement.
So stay tuned. Wayne will reveal more tomorrow…
Best Regards,
Founder
Crowdability.com
