Inflation is not… perfectly synonymous with “cost of living.” Inflation doesnt impact all categories equally Higher inflation likely puts upward pressure on your cost of living. And when thinking about future cost-of-living increases, inflation is a good place to start. But remember, inflation is an averaging. If inflation were perfectly flat, prices would still be moving—some rising, others falling. How that impacts your cost of living will depend on whether you consume more of those categories that have tended to inflate faster (health care, energy, education) or slower (consumer electronics, apparel, cars, housing). #financialeducation #financialliteracy #knowyourmoney
Posted on: Mon, 22 Dec 2014 15:30:51 +0000
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