Tempted to stash your money in a bank CD?
Or maybe under your mattress?
Think either one of them will keep pace with inflation?
Think again.
Inflation
Inflation is defined as an increase in the general level of prices for goods and services. Deflation, on the other hand, is defined as a decrease in the general level of prices for goods and services. If inflation is high, at say 10% – as it was in the 1970s – then a loaf of bread that costs $1 this year will cost $1.10 the next year.
Currently, the inflation rate in the US is very high. Historically, inflation in the US has averaged 3.3% from 1914 until 2021, but it reached an all-time high of 23.7% in June 1920 and a record low of -15.8% in June 1921. Read more
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Metairie, LA 70002
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Phone
Voice and text: 504-832-3006
Toll-Free: 866-553-3006
Appointments are available in 30 minute timeslots.
Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Cambridge is not affiliated with Doubleday. Cambridge does not provide tax advice.
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