July 27, 2007

Inflation




My 401k people send me a bi weekly pamphlet on how my retirement earings will look 20-30 years from now. The most recent and menacing attempt to get me to invest more featured (a strangely psychic) turkey sandwich (which I had actually had for lunch that day) and a feature about it's current cost vs. it's cost -- in say 2030. It's estimated with a 3% inflation a year that the average American Lunch..now clocking in at $7.32 will be around $14.97 by the time OEF's humble readers are in their mid-life crisis.

I can remember when $4 could get you lunch, and that was NOT that long ago.

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