Stay Ahead of Inflation

The rising cost of living can limit your future spending ability.

Just look at the automobile. Twenty years ago, the average car cost $6,379 in the US. Today, you would spend around $23,400. That’s an increase of 267%.

Inflation takes its greatest toll during the retirement years. In 1998, the US Department of Commerce published some startling statistics:

• Among the 65 and older set, only 7% had incomes of $50,000 a year or more (considered by Pioneer research to be comfortable for most retirees)
• A full 38% were below the poverty level (under $10,000).
• The remainder – 55% – were financially in-between; somewhat comfortable, but occasionally pinched financially.