How does inflation impact my standard of living?
Factor in normal price increases to secure your financial future.
Over time, inflation can reduce your purchasing power. A dollar today, for example, buys less than it could 20 years ago. With that in mind, you can expect to pay more for certain products and services in the future than you do today. Some things, however, like fixed-rate mortgages, will be unaffected by inflation. To see how different inflation rates can impact your financial situation in the years ahead, use this handy calculator.
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