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Re:What a $1M Retirement Looks Like in America by ashwagary on Tuesday December 27, 2022 @02:19PM (#34152578)
It's true that the country will be fine for a while but savers are getting decimated in the process.

That $1M nestegg will feel like $250k in a few years.

Re:What a $1M Retirement Looks Like in America by brap on Tuesday December 27, 2022 @02:46PM (#34152883)
If you invest in real assets, such as stocks or real estate, your savings should be more or less safe from inflation.
Re:What a $1M Retirement Looks Like in America by klipklop on Tuesday December 27, 2022 @04:58PM (#34154420)
So far in 2022 this has not been true. Compare the 1 year of VOO to inflation.

USD inflation, no idea but like +8-12% depending on what you are trying to buy? VOO -20%.

Ouch. Personally this year I have had better results holding cash than investing it to hedge.

Re:What a $1M Retirement Looks Like in America by brap on Tuesday December 27, 2022 @06:55PM (#34155597)
There are always exceptions.

Fundamentally, when both prices and wages go up, there’s no reason to expect companies to lose real value.

AFAIK in 2022 we’re seeing cost-push inflation and wages haven’t really gone up, which could partially explain why companies are having difficulties producing and selling.

Re:What a $1M Retirement Looks Like in America by PaulDavisThe1st on Tuesday December 27, 2022 @03:39PM (#34153486)
Inflation is headed down. It's not a completely clear picture yet, but I think this is the only reasonable conclusion from the current statistics. Things could change, but right now the arrows all point in the right direction.
Re:What a $1M Retirement Looks Like in America by voisin on Tuesday December 27, 2022 @04:59PM (#34154436)
The pace of growth has slowed, but it is still growing in absolute terms at multi-decade highs.
Re:What a $1M Retirement Looks Like in America by comte7092 on Tuesday December 27, 2022 @06:05PM (#34155093)
YoY inflation for the US:

Jun 22: 9.1% Jul 22: 8.5% Aug 22: 8.3% Sep 22: 8.2% Oct 22: 7.7% Nov 22: 7.1%

The only way I can understand your comment is if you are confusing inflation (change in price level) with price level itself.

Inflation is slowing down and has been for months.

[0] https://www.statista.com/statistics/273418/unadjusted-monthl...

Re:What a $1M Retirement Looks Like in America by objetovoador on Tuesday December 27, 2022 @09:41PM (#34156920)
So we've still got high inflation, and the fed seems like it's only got so long until it'll resume pumping money into the economy.
Re:What a $1M Retirement Looks Like in America by malandrew on Tuesday December 27, 2022 @05:00PM (#34154448)
That’s why it’s better to have a mix of assets, some that can be easily liquidated, than cash.

$1m in the right assets could become $4m in youre scenario with the same purchasing power of the $1m before inflation.

In reality, you’ll probably lose some value though because the people holding cash that now have far less purchasing power, which torpedoes demand. Still better to be in assets than cash though.

Re:What a $1M Retirement Looks Like in America by ashwagary on Tuesday December 27, 2022 @05:27PM (#34154721)
>$1m in the right assets could become $4m in youre scenario with the same purchasing power of the $1m before inflation.

Yes, the "place bets in a rigged casino to beat inflation" strategy.

A terrible idea for people over 50 that are looking for a rock solid retirement solution but when the government is robbing savers, one of the only options.