Financial Expert: Why 3% Inflation Still Hurts Your Savings

The Federal Reserve board likes to keep inflation around 2%, a number that the economy can absorb steadily without wreaking too much havoc. When it starts to rise, even by just 1%, it can begin to have a negative impact on many factors, including the average person’s savings (as well as investments). Find Out: What Class Do You Actually Belong To? The Income Breakdown Might Shock You Read Next: Mark Cuban Tells Americans To Stock Up on Consumables as Trump's Tariffs Hit -- Here's What To Buy With the infl ...