There are lots of threats of inflation these days. Should you be worried about it? How will it affect you?
Give us 60 seconds and we'll tell you!
To start, inflation basically is a sustained increase in the prices for goods and services. And that basically means things are inflated.
And that means its going to cost you more dollars to get the stuff you want.
But watch the video above to understand the true causes of inflation and why you should worry about it.
For more 60-second videos, check out these links below:
- 60 Seconds: What Are the Bank Stress Tests?
- 60 Seconds: What Really Is Quantitative Easing?
- 60 Seconds: What's the Difference Between an ETF and a Mutual Fund?
- 60 Seconds: What the Heck is GDPR?
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