Is it just a passing phase or here to stay? That’s the question facing American consumers who are seeing their purchasing power erode amid the highest inflation rates in 30 years.
There are some steps you can take to protect your finances no matter which way it breaks. Consider buying equities like bank stocks or consumer goods companies that perform well in inflationary periods. Don’t pay off that mortgage early—if we are indeed in an era of sharply rising prices and wages, you’re better off paying it off over time with…
