Inflation Calculator
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What is an Inflation Calculator?
An inflation calculator shows you how the purchasing power of money changes over time due to inflation. It helps you understand how much money you'll need in the future to maintain the same standard of living.
This calculator uses compound inflation to show you the future value of money and how inflation erodes purchasing power. It's essential for retirement planning, long-term savings goals, and understanding the true cost of inflation.
Understanding Inflation
Inflation is the rate at which prices for goods and services rise, eroding purchasing power. Historical average inflation in the US is around 3% per year, though it can vary significantly.
Example:
If inflation is 3% per year, $100 today would be worth about $97 next year in purchasing power. In 20 years, you'd need about $181 to buy what $100 buys today.
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