The phrase "letting the inflation genie out of the bottle" is a metaphor for how difficult it can be to manage consumer prices once they become a force in the economy. Use the calculator to get an idea of how much money you would need today to replace the same dollars from previous years.
Inflation-Adjusted Value
The only inflation level that matters is the inflation you are experiencing. So if you're struggling to keep up, please reach out. If you don't see much of a change, that's great news, but please keep one eye on the genie!
Have A Question About This Topic?
Related Content
16 Wall Street Cliches in 60 Seconds
Pundits say a lot of things about the markets. Let's see if you can keep up.
Retirement Realities
Many pre-retirees can become focused on the “ideal” retirement, but turning that dream into a reality can be tricky.
Understanding the Alternate Valuation Date
Executors can value the estate on the date of death, or on its six-month anniversary —the “Alternate Valuation Date."