Inflation and Your Portfolio
Even low inflation rates can pose a threat to investment returns.
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Americans are saving more these days.1 Especially millennials. We know why to save: For emergencies, for retirement, to afford big-ticket dreams like home ownership or opening a business. But how to save is another matter.
Responsible money management is often a foreign concept to teens that is complicated and confusing. Yet, if they learn how to save and be financially responsible early, they can protect themselves in the future.
Do you know how long it may take for your investments to double in value? The Rule of 72 is a quick way to figure it out.