A Word Of Warning On Preserving Your Wealth
At the risk of sounding repetitious, I’m issuing this brief warning to SurvivalBlog readers: The average American income is not keeping pace with inflation. This chart says it all. Take a look at that chart. The brief positive blip in 2020 is attributable to the combined effect of people reducing their expenses by staying at home and receiving the veritable helicopter drop of economic stimulus checks. But since then, we’ve been collectively blindsided by inflation. Do not expect inflation to get back under 5% for a decade or more. The Federal Reserve”s recent credit tightening has been insufficient to stem …