No. of Recommendations: 1
Now, a lot of folks have COLA (cost of living adjustments) adjustments to their salary each year to account for inflation. Some economists now are saying that the U.S. may be entering a deflationary period.

So, instead of being 2.3% of whatever, inflation next year may be -5.0%. Does it mean that the salaries will be lowered by 5% :-)?

On a serious note, this undescores the importance of not having any debts. In the deflationary period, debt could really easy destroy you financially.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.