In the last couple of weeks, the U.S. inflation rate hit its highest level in 40 years at more than 7%: This data has been all over the news and social media of late. No one likes to see the prices of the stuff they buy go up. It doesn’t matter if you’ve recently received a raise or a check from the government. It doesn’t matter if you’re house value is up 25% over the past year. It doesn’t matter if your investment portfolio is at all-time highs. Complaining about paying $0.50 more for a gallon of gas is something that unites everyone.
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Some Thoughts on Inflation
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In the last couple of weeks, the U.S. inflation rate hit its highest level in 40 years at more than 7%: This data has been all over the news and social media of late. No one likes to see the prices of the stuff they buy go up. It doesn’t matter if you’ve recently received a raise or a check from the government. It doesn’t matter if you’re house value is up 25% over the past year. It doesn’t matter if your investment portfolio is at all-time highs. Complaining about paying $0.50 more for a gallon of gas is something that unites everyone.