Why do you have to take into account inflation when you are making a retirement planning?
In other words, if you want to spend One unit after 25 years, you have to roughly put aside Three units now as savings.
Why is it that this assumption is so taken for granted???
The money that is true today MUST also be true to its worth tomorrow.
For Christ sake, that is the reason why we earn money!!
The main cause of such reason are the unbridled growth and leeway the government and central banks have in manipulating the lives of people through the means of money supply. Perhaps the most important cause it the ignorance of basic economics or general apathy towards this abstraction
Everything comes at a price, even ignorance and avoidance and apathy!
:) Falkor
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