Just because it isn’t making headlines, doesn’t mean inflation is not a serious issue. We, as advisors, have to deal with on a daily basis. The following article is filled with great nuggets about inflation. Here are my favorites:
“According to the US Labor Department, the median weekly wage back in 1988 was $382… or roughly 18,336 ounces of Coca Cola. Today the median weekly wage is $831.40… or just 6,651.20 ounces.”
“$1 would have bought me 48 ounces of Coca Cola 26 years ago. Today that same dollar buys me just 8 ounces. This means that the dollar has lost 83.3% of its value against Coca Cola over the past three decades, averaging roughly 6.6% inflation per year.”
To read more visit ZeroHedge