What do you think will be the Word of the Year for 2022?
My heart says it should be “Ukraine,” but my head says it will be “inflation.”
If I was a betting man, I’d bet with my head.
To be fair, one of the driving factors of 2022’s inflation is Russia’s illegal and immoral war in Ukraine. Specifically, it is the grain and gas shortages caused by the war and the international sanctions against Russia. However, that’s not the only cause of 2022’s inflation problem. It turns out that inflation’s rise in 2022 is a complicated story, one with many villains and few heroes, which also means it may be sticking around for some time. As a result, it’s an excellent time to analyze the vulnerabilities of a pension without an inflation-fighting mechanism. Continue reading