Welcome to the 2024 college acceptance season, which has befuddled and elated students and their families.
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It’s 2020, which means that millions of Americans are resolving to do something different with their lives. I’ll let you deal with your goals around diet and exercise and instead focus on three financial to-dos for 2020.
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Worries about rising inflation have spooked stock and bond investors. As a reminder, inflation occurs when the prices of goods and services rise and as a result, every dollar you spend in the economy purchases less. The annual rate of inflation over from 1917 until 2017 has averaged just over 3 percent annually. That might not sound like much, but consider this: today you need $7,272.09 in cash to buy what $1,000 could buy in 50 years ago.
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