The History of Inflation is Older Than you Think

The History of Inflation is Older Than you Think Barnet Financial & Tax

Inflation has occurred in many different societies throughout history. We think of inflation as a modern economic concept, but in reality, it predates modern history and has been a prevalent part of societies since the first nations and urban areas emerged. Ancient Rome When silver was used as the currency in Rome, the government would collect…

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Inflation and a Gallon of Milk

Inflation and a Gallon of Milk Barnett Financial & Tax

In 1960, a gallon of conventional whole milk was 31 cents, and today it’s $4.21 on average.[1] A few dollars might not seem like much, but that’s a 1,258% increase! Now that we’re seeing high inflation, the buying power of your money – including your retirement savings – could be seriously impacted. When calculating how…

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Inflation Finds its Way to Your Wallet

Inflation Finds its Way to Your Wallet Barnett Financial & Tax

There’s no doubt that people have been feeling the effects of inflation on their wallets. Everything from food to gas to home repair products seems to be increasing every day. Federal Reserve Chairman, Jerome Powell, is taking inflation very seriously, raising interest rates to combat the explosion of inflation. And although the moves have made…

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What NOT to Spend on During Inflation

What NOT to Spend on During Inflation Barnett Financial and Tax

Are you feeling shocked at how expensive your regular expenses are? Well, you’re not alone. Many Americans are feeling the burn as the price of daily goods increases due to stimulus checks and supply chain shortages. As the economy gets back on its feet after the COVID-19 lockdowns, inflation will likely stick around. However, inflation…

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Inflation Presents Unique Risks – Know How You’ll Respond

Inflation Presents Unique Risks – Know How You’ll Respond Barnett Financial & Tax

If your weekly grocery bill is noticeably higher or you can’t believe how expensive gas is, you’re not alone. Inflation is at 40-year highs,[1] and a recent poll found that 52% of Americans said the most important issue facing the country is inflation.[2] It’s significant that so many Americans recognized inflation as a major threat…

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You Can’t Stop Inflation, But You Can Prepare

You Can’t Stop Inflation, But You Can Prepare Barnett Financial & Tax

Did you ever hear your parents or grandparents talk about how much less everything used to cost? They weren’t exaggerating – in 1960, a gallon of conventional whole milk was 31 cents, and today it’s $3.77 on average.[1] A few dollars might not seem like much, but that’s a 1,116% increase. You’ve likely noticed higher…

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Rising Interest Rates and High Inflation – How Will You Respond?

Rising Interest Rates and High Inflation – How Will You Respond? Barnet Financial & Tax

The Federal Reserve voted to raise interest rates for the first time since 2018 and has several more rate hikes planned for this year.[1] Rising interest rates can have significant effects on the economy and your finances. Between a volatile market, high inflation, and rising interest rates, know how you’ll respond. The Federal Reserve Raising…

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Why We Could See More Inflation and Market Volatility

Why We Could See More Inflation and Market Volatility Barnett Financial Group

As we saw during the COVID-19 pandemic, what happens somewhere halfway around the world can have a major impact on us. Now, the global economy faces new threats as a result of Russia’s invasion of Ukraine, including spiking energy prices, inflation, and a volatile market. Know how you could be affected and what strategies you…

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The Russia-Ukraine Conflict and Your Finances

The Russia-Ukraine Conflict and Your Finances Barnett Financial & Tax

Russia’s invasion of Ukraine could have major economic consequences around the world, including here in America.  After a tumultuous two years during the pandemic, the global economy faces new threats as a result of this conflict – spiking energy prices and inflation, supply chain disruptions, and market volatility. Our team of financial professionals constructs financial…

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How Much Are You Left With After Inflation?

How Much Are You Left With After Inflation? Barnett Financial & Tax

In 1960, a gallon of conventional whole milk was 31 cents, and today it’s $3.77 on average.[1] A few dollars might not seem like much, but that’s a 1,116% increase. Now that we’re seeing high inflation, the buying power of your money – including your retirement savings – could be seriously impacted. When calculating how…

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