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Warren Buffett predicted inflation early on — here are eight ideas to help you stay ahead of the curve.
Rising prices and uncertainty about how long they will continue are putting a damper on Americans’ spirits.
In November, inflation was more than projected, with consumer prices rising 6.8 percent year on year. That was the highest inflation rate in more than 30 years, with fuel, housing, food, and automobiles leading the way.
When prices began to rise earlier this year, various experts, including the “Oracle of Omaha,” warned.
“We are experiencing significant inflation,” Warren Buffett said at his Berkshire Hathaway annual shareholders meeting in May. “We’re boosting our pricing. People are boosting their costs to us, and we are accepting it.”
Here are eight methods to help you worry less about the impact of inflation on your money — or even come out ahead — as it rises.
1. Increase your earning power
When inflation flares up, there are two main ways to think about it. One is that costs are rising, but the currency is losing value. Earning more money is, in any case, a rather safe strategy.
If you’re unemployed or one of the millions of individuals who have lost their employment as a result of the…
