Fun Fact of the Day, June 6, 2018

June 6, 2018

FALLING BEHIND - Over the last 20 years, i.e., 4/30/98 to 4/30/18, inflation in the United States (using the "Consumer Price Index") has increased +54.2% or +2.2% annually.  An individual living on a fixed-income who has not benefited from "cost-of-living" increases would have only 65% of the purchasing power as of 4/30/18 that he/she had 20 years earlier.  The consumer price index (CPI) is a measure of inflation compiled by the US Bureau of Labor Studies (source: Department of Labor).

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