Why do we need ?
As inflation increases, your savings (if you are lucky enough to have savings), lose value.
Over time, they lose A LOT of value.
If you started saving $100/month today, with the best available interest rate of 0.05%:
In 30 years you would have saved $84,019.
When adjusted for the FED's mandated 2% inflation:
In 30 years your savings would have an effective purchasing power of just $46,384.
Adjusting for today's inflation of 3.5%:
Your $84,019 worth of savings would have the purchasing power of just $11,037 in 30 years!
In effect this means that approximately six out of seven hours of your work have been stolen = Time Theft.