1930: [Part 2] Inflation in 2022, the Rule of 72, and What to Do by Leif of Physician on Fire
Optimal Finance Daily - Financial Independence and Money Advice
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Inflation Over a Lifetime of 88 Years
Inflation has averaged eight point five % or more in 12 different years since 19 13. If the fed could somehow maintain a two % average inflation target over an entire lifetime, the cost of things would only double every 36 years. The worst decade for inflation the last hundred years were the 19 seventies. And it appears that the forty thousand dollars in eye bonds i recently bought will be bumped from the current interest rate of seven point one% to nine point six%.
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