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Why You Can’t Hide From Inflation

Just because it isn’t making headlines, doesn’t mean inflation is not a serious issue.  We, as advisors, have to deal with on a daily basis.  The following article is filled with great nuggets about inflation.  Here are my favorites:

“According to the US Labor Department, the median weekly wage back in 1988 was $382… or roughly 18,336 ounces of Coca Cola. Today the median weekly wage is $831.40… or just 6,651.20 ounces.”

“$1 would have bought me 48 ounces of Coca Cola 26 years ago. Today that same dollar buys me just 8 ounces. This means that the dollar has lost 83.3% of its value against Coca Cola over the past three decades, averaging roughly 6.6% inflation per year.”

To read more visit ZeroHedge