Inflation confuses me.
I know what inflation is; I'm just albeit mystified by it. If a million dollars is worth $200,000 in forty years, does that mean I need to save five million dollars to retire as a millionaire? Also, everything is supposed to go up in price but that's not true. Electronics are much cheaper now than they were ten years ago. Maybe it's because they're made in other countries such as China? Houses, healthcare, food; etc have gone up. But a lot has not.
What if we happen to have a few years of deflation? I'll shut up now.
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