Over time, things tend to get more expensive. The inflation rate measures this rise in prices.
Surprisingly, tracking the actual increase in the cost of goods and services is a somewhat controversial activity. Watch the video of ‘Saturday School: The Real Impact of Inflation’ on MoneyTalksNews.com.
You’ll also learn other key concepts, such as the difference between price inflation and monetary inflation. And you’ll find out why a house purchased for just $10,000 in 1950 — and worth hundreds of thousands of dollars today — might not be as good an investment as it appears on the surface.
Watch the video of ‘Saturday School: The Real Impact of Inflation’ on MoneyTalksNews.com.
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This article was originally published on MoneyTalksNews.com as 'Saturday School: The Real Impact of Inflation'.