How It Works
Inflation measures the rate of rising prices in an economy. Contributing factors include an increase in the cost to produce goods or an increase in the demand for goods or services. No matter the reason, inflation is typical and the Fed has an inflation target of approximately 2% (this helps a healthy economy stay healthy and avoid falling wages and prices).
This calculator demonstrates how inflation can impact spending and saving in your personal life. Just enter your salary and savings, and adjust the inputs. Note that a typical inflation range is about 2-4%, but a healthy rate is more like 1-2%.
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Disclaimer
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Neither Banzai nor its sponsoring partners make any warranties or representations as to the accuracy, applicability, completeness, or suitability for any particular purpose of the information contained herein. Banzai and its sponsoring partners expressly disclaim any liability arising from the use or misuse of these materials and, by visiting this site, you agree to release Banzai and its sponsoring partners from any such liability. Do not rely upon the information provided in this content when making decisions regarding financial or legal matters without first consulting with a qualified, licensed professional.