When talks of inflation began at the beginning of the year, the word “transitory” was used frequently. Meaning, was inflation here to stay or would it pass? We now know the answer. So, what does that mean for your pocketbook in the short term and your retirement in the long term? The plane ticket to visit the grandkids one year ago is now double, if not triple, the cost. Decisions must be made differently … AGAIN! The realities of inflation will continually affect our lives and investments, but does it also could mean there’s a recession on the horizon?
Today, we are going to look at the graphs, numbers and historical data to shed light on these questions while also giving you tips on how to evaluate your finances.