Defense Contractor wrote:
What's the big deal?
My raise this year far outpaces this piddly inflation.
If anything, it's a good thing.
Big Inflation CAN be a big deal if it goes on for a long time and raises don't go up fast enough to match. Unfortunately, the people who always are hurt the most are poor people and people who are NOT in the stock market. For people who are heavily invested in the stock market, inflation isn't a huge deal...at least not with regard to their overall net worth. It can be if the investor is still a long way away from taking money from stocks and they don't make too much money, but ultimately they will win out.
Right now inflation is not a huge deal. Politically it's not great, but it isn't crippling.