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A significant majority of Americans (63%) view inflation as a “very big problem,” according to a recent Pew Research survey, while more than 40% of middle-income Americans cite it as their top financial concern in a 2024 Primerica survey.
Though inflation has decreased from its July 2022 peak of 9.1%, January 2025’s rate remains at 3%—still above the Federal Reserve’s 2% target.
Investors can combat inflation’s impact by:
– Prioritizing spending by focusing on what adds the most value to your life rather than making random cuts
– Boosting income through strategic side hustles that fit your schedule
– And investing in inflation-beating assets to protect your long-term financial health, particularly for retirement planning.
