Inflation Management

Jenna and I discussed inflation after a complete day of swim lessons and an afternoon of "quiet time" with her boys.  Interesting that Jenna (a Milliennial - GenY) is concerned about inflation given that from college to now her actual realized inflation rate (13 yrs) is only 2.79% but close to my comment of thinking I have experienced 3% over my 50 years.  

Later I looked up my personal inflation since college (1976 -2026) of 50 years. The exact data based result using CPI is that $1 in 1976 is equivalent to $5.85 today or 3.6% compounded.   My gut guess of 3% was low.  

It's hard to remember prices out of college, however -  my first new car a 1976 Buick Regal was $5K; my first house in Hyde Park 1980 was $75K ; coffee at the office was subsidized $0.10 but normally $0.50; at college a pitcher of 3.2 beer was $1.50.

So what are the big wealth destroyers - inflation, healthcare, taxes and.... mis managing your money.

My Wisnerism Vistage quote related to this topic:

                                           "Manage your money or it will manage you."