Solved: Say inflation runs at 2 per year over the next twenty years, Finance Basics

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Say inflation runs at 2 per year over the next twenty years

Say, a single individual makes a decent $ salary per year. Lets pretend this single person does not get promoted and since she/he is happy with the job. So, the individual has no issues with promotion. Remember, this person is single so he/she has no responsibilities beyond his/her own needs.

Say inflation runs at 2% per year over the next twenty years. How does this inflation concept affect the individual?

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Finance Basics: Say inflation runs at 2 per year over the next twenty years

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