Known to customers and business partners alike as America's Gold Authority, the U.S. Money Reserve is a precious metal powerhouse. Founded by Phillip K. Diehl, our specialty is gold and silver American and foreign coins, bars, and metal available to customers who visit our website, call us, or come by in-person. Our knowledgeable staff ranges from numismatic to shipping and inventory so our customers are confident in their purchase. Because we hire the most qualified experts to our team, it's natural they would understand inflation.
Inflation is a yearly economic increase in price, and it affects products and services society buys, owns, and pays. Measured by CPI (Consumer Price Index), inflation always goes up due to factors such as packaging, marketing, transport costs, and gas prices. Inflation is not good for the average person, yet consumers can fight back against the rising costs by being proactive and taking charge of their financial life.
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With less money left over, individuals and families can't afford to save for big purchases, retirement, a college education, or an emergency fund. Higher interest rates signal difficulty in repaying mortgages, loans, and credit cards. Weaker buying power from consumers equals paying more money today than a year ago to own the same mandatory necessities. Last, inflation will eat retirement savings alive. Besides spending more to maintain a stable living, the government will use inflation to limit retirement plans and Social Security checks. In summary, stretching a dollar doesn't stretch out far when inflation is involved. Unfortunately, consumers can't stop inflation's rise, but they can do something to reduce its effects on the