Retirement Inflation
A look back in history provides some perspective on inflation risk & investing.
| |
1988 |
2008 |
| Average cost of a new house: |
$91,600 |
$223,800 |
| Average price for a new care: |
$10,400 |
$28,000 |
| Average price for a gallon of gas: |
$0.91 |
$2.90 |
| Average price of a movie ticket: |
$3.50 |
$8.00 |
| Cost of a U.S. postage stamp: |
$0.24 |
$0.41 |
| Average cost of a dozen eggs: |
$0.65 |
$1.50 |
Sources: Kmotion Research, Bureau of Labor statistics,
National Assocation of Realtors. Future prices are
projections only and assume a 3% inflation rate in 20 years.
| |
20 YEARS FROM NOW?? |
| Average cost of a new house: |
$404,208 |
| Average price for a new care: |
$50,571 |
| Average price for a gallon of gas: |
$5.24 |
| Average price of a movie ticket: |
$14.45 |
| Cost of a U.S. postage stamp: |
$0.74 |
| Average cost of a dozen eggs: |
$2.71 |
|
