Finance

Understanding Inflation and Your Money

Understanding Inflation and Your Money

Understanding Inflation and Your Money

Inflation is the rate at which the general level of prices for goods and services is rising. When inflation goes up, every dollar you own buys a smaller percentage of a good or service.

Impact on Savings

If your savings interest rate is lower than the inflation rate, you are effectively losing money.

Use our Inflation Calculator to see the real value of your money over time.

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