I wrote a short program recently that calculates the cumulative impact of inflation on savings over a 45 year career.
At 2% yearly inflation, with zero taxes, the loss of purchasing power is ~35% over a 45 year career.
This amounts to working for the government for free for 15+ years.
At 7% yearly inflation and a 30% tax pressure, the loss of purchasing power over a 45 year career is 80%.
Below are 4 examples where my charts visualize the cumulative impact of inflation year by year.
#Inflation #Moneyprinting