Effects of inflation

Has inflation affected you? Chances are if you are following news reports or tracking expenses you’ve noticed the percentage on inflation creeping higher. However, this article from “The Federalist” puts into a dollar amount what is actually happening with the percentages on your income, savings and expenses.

While “[n]ear-8 percent inflation already sounds high, look at the actual drain on your paycheck and simultaneous spike in your expenses, and that number suddenly feels a whole lot higher.”