Inflation remains the biggest economic story right now. Inflation is affecting all of us in seemingly every aspect of our lives, and it is only continuing to get worse. Policymakers in the government seem to have no idea how to handle it, and what little they are doing is only adding to the problem. Expenses across the board are skyrocketing, and inflation is impacting virtually all households in a tremendous way.
Inflation is not hard to understand. It is basic economics. Inflation happens because the money supply increases, meaning the government is spending more than it is taking in. So how will poor financial decisions by our government continue to impact your personal finances? Host Lou Scatigna, CFP® discusses that and much more in this segment from The Financial Physician.
Your financial advisor is like your doctor. You better have the right one, or you are going to be in trouble.