According to the Bureau of Labor Statistics, the retiree’s share of expenditures on medical care is roughly double that of the general population. Moreover, health care inflation has annually outstripped, on average, non-medical inflation rate by 2.3 percentage points during the period 1983-2011.³
Inflation is a thief; it steals the purchasing power of your retirement savings. But like your other possessions, there are strategies that may help you from being robbed of your purchasing power.
- The Federal Reserve Bank of Minneapolis, June 2013.
- This is a hypothetical example used for illustrative purposes only. It is not representative of any specific investment or combination of investments.
- Bureau of Labor Statistics, June 2013
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