On another addition of Apex Education, Ryan tackles the rising inflation crisis.
We all remember in the middle, and throughout the pandemic the government was printing trillions of dollars of new money in hopes of stimulating the economy. These measures taken by the federal government, to keep us out of a recession or possibly depression, has led to some unfavorable economic realities that we are now facing.
The massive amount of capital that was pumped into our economy has created a situation where the price of goods and services has increased dramatically over the past year. To compound the severity of the situation, we also have a shortage of goods and services. So now we are faced with an extremely large amount of capital, within our economy, that is bidding up the price of everything. Not to mention that the fact that those goods and services are in short supply regardless of how much money it was in the system.
The Fed will increase interest rates in hopes of combating the rising inflationary numbers. This may or may not work, but either way the rising interest rates combined with the high inflation will definitely impact peoples investments and lifestyle in retirement.