In a recent poll with Americans, one of the greatest concerns that Americans have overall is inflation. Inflation is definitely not a good thing for Americans. With inflation comes pricing increases in everything from hamburgers all the way up to cars and houses. Essentially, inflation will make the American dollar worth less. For those who have their own business, inflation can hurt if they do not increase the amount of money that they are charging for their services. For employees that work at a company, they are faced with asking for a pay raise if there Corporation does not keep up with the inflated times. In this inflation video from Youtube, we see details from many experts on why it is important to combat inflation. Although there may not be anything that we are able to do about it, it is very important to bring awareness of the subject for many individuals because it can definitely cause a serious impact in an individual’s finances if they are not aware that inflation is coming.
We all grew up hearing our grandparents telling us that sodas used to be $.10 or $.25 and bread was a nickel. However, at that time, earning wages were very different too. Recently, we came across this inflation calculator which can help anyone determine how much buying power a specific dollar amount is worth today. Just for fun, we decided to give this gadget try and put in $10 and put in the year 1980. According to this resource, $10 in 1980 has the same buying power as nearly $30 right now. What is great about this tool is that it has been configured all we back to 1913. We then decided to try the same $10 for 1913 and the figures surprised us.
$10 in the year 1913 is worth close to $300 today! We were shocked at how much inflation has changed over the years and so we put in $.25 in 1970. In 1970, 25 cents is equivalent to around three dollars today. So, even though the dollar amount is lower, it is equivalent to what we would normally spend today. Although admittedly, pricing today’s low higher than it was in the past. This is due to inflation and is the exact reason why videos such as what we link to below are becoming so popular with those who are aware of our national debt.
This video is an excellent resource and runs about 30 minutes long. If you’ve never seen a video on the dollar bubble, take a few moments and listen to some of the statistics that they give. This is another reason why many are beginning to buy gold and silver. Since Gold can many times the inflation, it is an excellent investment for those who are looking to not fill the full effects of our times. Later in this article, we will link to a Forbes article which explains ways that Americans can be inflation. Another bad side effect of inflation is consumer debt, videos such as these on debt consolidation loans for bad credit are become increasingly popular in the today’s market because so many Americans to share a lot of debt that has been caused by our inflated times. We have also embedded the video below. However, for many people, there may not be a real solution other than having to file bankruptcy.
With all of this talk of inflation, prices on life insurance can get more costly as well as anything that we need on a monthly basis. Is there anything we can do about it? Other than becoming more aware of our situation. However, an interesting article on how to beat inflation was listed in Forbes magazine recently.Of the many ways and tips that they give, the first step is to buy bonds. If you are inch did in this topic then this article on Forbes is an excellent read.