Is the going up inflation rate affecting your life style?

Question

Is the going up inflation rate affecting your life style?

Answer 1

Of course it is. You will have less buying power & employees may not adjust wages according to inflation.

Answer 2

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Answer 3

Definitely. Inflation has a great impact on our plans for the future and it surely affect our lifesyle. When saving for retirement, college, a house, or simply budgeting for the next 12 months, the cost of goods and services have a direct impact on your goals. Due to inflation, your goals may cost more in the future than today. As far as your money goes, the kind of inflation we're experiencing can be a real killer. It drives up interest rates. It destroy purchasing power. It can destroy your nest egg. It can affect wages, housing, etc. I found a website where you can understand the situation and track your true inflation at http://www.viritix.com.