GEI LLC.
Question of the month
How will the recently passed Economic Stimulus Package affect our Employee Benefits Program?
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Retirement Inflation
A look back in history provides some perspective on inflation risk & investing.
1988 |
2008 |
|
| Average cost of a new house: | $91,600 |
$223,800 |
| Average price for a new care: | $10,400 |
$28,000 |
| Average price for a gallon of gas: | $0.91 |
$2.90 |
| Average price of a movie ticket: | $3.50 |
$8.00 |
| Cost of a U.S. postage stamp: | $0.24 |
$0.41 |
| Average cost of a dozen eggs: | $0.65 |
$1.50 |
Sources: Kmotion Research, Bureau of Labor statistics, National Assocation of Realtors. Future prices are projections only and assume a 3% inflation rate in 20 years.
20 YEARS FROM NOW? |
|
| Average cost of a new house: | $404,208 |
| Average price for a new care: | $50,571 |
| Average price for a gallon of gas: | $5.24 |
| Average price of a movie ticket: | $14.45 |
| Cost of a U.S. postage stamp: | $0.74 |
| Average cost of a dozen eggs: | $2.71 |
