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Video: How Inflation Affects your Wealth

byKevin Hegedus, Portfolio Manager with PWM Private Wealth Counsel, iA Private Wealth onApril 09, 2021

We all know that a cup of coffee was less expensive in 1970 compared to today. Well, we have inflation to thank for that. So, the same cup of coffee that cost 25 cents in 1970 now costs $1.56 today. In this clip, learn how inflation has an “anti-growth'' effect on your wealth, adverse effect on purchasing power and what that means for your ability to save for retirement from Portfolio Manager Kevin Hegedus with PWM Private Wealth Counsel, iA Private Wealth.

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