But as bad as that was, here’s where it gets worse:
Even if the stock market recovers, the damage of inflation could force many, many people to work an extra 5… maybe even 10 years - unless they have a way to supplement their income.
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Think about it… Do you remember when the price of a cheeseburger was only $0.25?
This shouldn’t shock anyone… But we will never see that price again.
You see, with inflation prices only go up…
So, even when the rate of inflation comes back down...
The cost of living doesn’t get cheaper… The cheeseburger doesn’t come back to $0.25…
Prices normalize at that new, higher cost.
So, even when inflation stabilizes…
You’ll still need more money in the piggy bank to cover the new “normalized” cost of living…
And that’s why now over a quarter of Americans are saying they have to delay their retirements…
