4 ms·
Sucks for anyone retired - anyone who has saved over the years - anyone who wants to buy a house, or buy a TV. And it has a historical track record of getting
by InTheArena 5y ago
Sucks for anyone retired - anyone who has saved over the years - anyone who wants to buy a house, or buy a TV.
And it has a historical track record of getting out of control, and wiping out nation states.
Not arguing that inflation doesn't have it's upsides. But it has some serious serious downsides.
- skybrian 5y agoIt depends. If you're invested in the stock market, last year was very good for being retired. The S&P 500 was up 27%. (Most retirees will have invested more conservatively, but still.) It's not good for being retired without having much retirement savings or not investing it, though.