The general rise in prices that erodes what each dollar buys.
At 3% inflation, prices double roughly every 24 years. Long-term plans that ignore inflation quietly overstate wealth — always sanity-check big future numbers in today’s dollars.
Example: $100 of groceries today costs about $181 in 20 years at 3%.
FAQ
What is Inflation in simple terms?
At 3% inflation, prices double roughly every 24 years. Long-term plans that ignore inflation quietly overstate wealth — always sanity-check big future numbers in today’s dollars.