The potential loss of buying power during inflation is what makes it so important to plan ahead for your retirement.

Question

Quizplus · Accepted Answer

Inflation reduces the value of currency over time, meaning that the same amount of money in the future may not be worth as much as it is today. This can cause a decline in buying power, which is why it is important to plan ahead for retirement to ensure that you have enough funds to meet your needs despite the effects of inflation.

The Potential Loss of Buying Power During Inflation Is What