THE BIG I: INFLATION MUGGER IS ON THE LOOSE!
Congratulations! You got robbed last week. And the week before. All last year! How much? Well, it depends where you live, but basically, you took a 7% pay cut last year. How so? Well, the US inflation rate for last year was about 7%. https://www.wsj.com/articles/us-inflation-consumer-price-index-december-2021-11641940760 Every dollar you made was worth 7% less than the year before. Every single dollar you’ve saved is now 93 cents. Someone snuck into your house and your bank and your savings and…