Regardless of what you’ve heard about inflation, its probably worse than the fed is letting on.
You see, we used to measure inflation differently.
The New York Times reported…
“In 1983, the inflation calculation switched from tracking mortgages and other housing costs to tracking owners equivalent rent, making the measurement less volatile.”
And then in 1998, the government substantially revised the CPI metrics yet again!
So, if we still measured inflation the way we did in the 70’s and 80’s, recent inflation rates would be much, much higher.
In fact, in 2022 we may have experienced some of the highest inflation in our country’s history.
According to economist and inflation expert Peter Schiff, if we used the same CPI metrics as we did in the 70’s and 80’s to measure inflation, it would have reached 17% in 2022.
The peak of inflation in 1980 was 14%. Maybe that explains why inflation feels a lot worse than reported.
The good news is you may have some surprisingly attractive options to address inflation.
To learn how you could help defend your nest egg from inflation in retirement, give us a call (817) 431-2217 or email email@example.com
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