Women And Inflation 2
I’m Miriam Neff, and I’m Valerie Neff Hogan, with Wise Women Managing Money
M A frequent saying is that there are only 2 things are sure: death and taxes. We should add a third sure thing: inflation. Women predict inflation in the future will be higher than predictions by men, possibly because women direct over 70% of spending in the United States.
V Consider this. Many sources say that a realistic monthly food budget for a family of 4 is almost $900 dollars. 5% inflation means $945 dollars are needed for the same budget. Other budget items may be impacted more or less by inflation.
V We always recommend an emergency account of 3—6 months in reserve for unexpected bills. Count inflation hikes into that nowadays, expected costs.
M Given our prediction that inflation will continue, this emergency account is even more important.
