Glossary
Inflation
The rate at which prices rise and cash loses buying power. At 3% a year, today's $100 buys about $74 worth in 10 years. It is the reason long-term money belongs in assets, and cash under a mattress quietly shrinks.
Glossary
The rate at which prices rise and cash loses buying power. At 3% a year, today's $100 buys about $74 worth in 10 years. It is the reason long-term money belongs in assets, and cash under a mattress quietly shrinks.