NL

Today’s $$ Word: Inflation.

The slow and steady upward creep of prices for goods and services, and, as a result, the decline of purchasing power. Stuff gets more expensive over time, and therefore people can’t buy as much. Inflation is expected to grow 3% per year, which is why making more than that by investing is so important; otherwise, your money will be worth less tomorrow than it is today.

By | 2017-01-23T08:54:49+00:00 December 11th, 2016|Word of the Week|0 Comments