Understanding inflation. From straw hats and wearable technology to GDP and CPI.

Financial Opportunities Uncovered: A Keeler & Nadler Family Wealth Podcast

While financial planners tend to be prudent and make evidence-based decisions on the wealth management side, we'll take $50 to Vegas that you didn't know this one; the consumption of straw hats was a marker for inflation in the early 1900's. Today, those markers include everything from computers and cars to clothes and cell phones. Inflation has been a constant in just about every business and economic story since the pandemic. After all, prices have gone up on most things. There were fears wages wouldn't keep up with inflation. Largely, they have. The U.S. economy has also defied fears of a recession for several years now and rising inflation has been a big part of that whole discussion. So, Keeler and Nadler's Andy Keeler thought it would be a good time for some 'Inflation 101'. This discussion, along with Keeler and Nadler's Mark Beaver, requires several things: historical context, defining things like GDP and CPI, some myth-busting and as with many factors related to wealth management — nuance and expertise. It's all right here in Episode 11 of Financial Opportunities Uncovered.

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