Every eight to 10 years, inflation cuts the wealth you have in cash by half.
The Bureau of Labor Statistics says the inflation rate has averaged 2.6% since 1990. In fact, it’s at least twice that much. And it could be four times that much…
You see, in 1990, the government changed the way it calculates inflation. It conveniently removed certain costs from the Consumer Price Index calculations. Those included the prices of fuel and other commodities.
If you use the older, more credible government calculation, inflation for the last 20 years would average 6.5% per year. And according to the American Institute for Economic Research, it is actually closer to 8%!
— Daily Wealth