Don’t Forget Inflation

in·fla·tion [in-fley-shuhn] noun – In economics, a persistent, substantial rise in the general level of prices related to an increase in the volume of money and resulting in the loss of value of currency (opposed to deflation). Interesting definition but what does it mean? The operative passage within that definition is loss of value. On a small scale, over a short time period, the impact is generally insignificant. As an example, assume you deposited $100 in your local savings account on January 1st, 2013. You did not make any deposits Read the Full Story