Jun 18, 2018
In the 14th episode of the Confident Wealth Podcast, Bill Bush
and Pete Bush talk about what inflation is, what its effects are on
the economy, and how inflation impacts the overall spending power
Time Stamped Show Notes:
- 01:14 – When bubble gum went from $0.01 to $0.02 taught Bill
about the effect of inflation as a kid.
- 02:04 – In 1985 a first-class postage stamp cost $0.22, by 2014
it is $0.49, and could be $0.76 in 2025.
- 03:06 – Everything gets more expensive annually
- 04:01 – At an inflation rate of 3%, in 25 years $100,000 will
be worth the equivalentbof $47,000.
- 07:01 – Inflation effects are daily lives, on our savings, on
bonds, on the overall economy, on unemployment, and energy
- 10:24 – Inflation rising is good on savers abut bad on
- 11:43 – Things to pay attention to in a rising inflation
environment: owning bonds,
- 13:02 – Stand by your financial plan if your goals are the
3 Key Points:
- Inflation is the rising cost of goods and services.
- $100,000 will be worth the equivalent of $47,000 in 25
- All money is, is what it can buy.
- “Inflation, it’s an invisible tax I like to
call it.” – Pete Bush
- “What is inflation…of course it is the
rising cost of goods and services.” – Bill Bush
- “Everything you purchase gets more expensive
every year.” – Pete Bush