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Inflation Should Be The Number One Story In America, Before It's Too Late!
4 years ago
327
Wall Street talking heads were stunned Wednesday when April’s 4.2% official inflation figure came in way higher than they had expected.
And when it comes to retirement accounts there’s one thing about inflation that really matters: It’s a risk that is not covered by the mainstream stock or bond funds in your 401(k). It doesn’t matter what Wall Street tells you.
The last time the U.S. economy saw sustained inflation, in the 1960s and 1970s, it devastated investors, and especially retirees living on fixed incomes. Data compiled by Yale finance professor (and Nobel laureate) Robert Shiller tells the grim tale.
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