How Does Inflation Impact My Standard Of Living?

Inflation can erode purchasing power. For example, a dollar today cannot buy the same amount of goods and services it could 20 years ago. It will continue to erode purchasing power in the future. Use this calculator to determine the impact inflation may have on your standard of living.

Assumptions
Number of years for the analysis
Estimated inflation rate: (%)
Monthly or annual figures?
Expenses
Mortgage payment or rent
Vacation home (mortgage)
Automobile loan(s)
Personal loan(s)
Charge accounts
Federal income taxes
State income taxes
FICA (social security taxes)
Real estate taxes
Other taxes
Utilities
Household repairs and maintenance
Food
Clothing and laundry
Educational expenses
Child care
Automobile expenses (gas, repairs, etc.)
Other transportation expenses
Life insurance premiums
Homeowners (renters) insurance
Automobile insurance
Medical, dental and disability insurance
Entertainment and dining
Recreation and travel
Club dues
Hobbies
Gifts
Major home improvements and furnishings
Professional services
Charitable contributions
Other and miscellaneous expenses

This information may help you analyze your financial planning needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. This service shall not infer that company assumes any fiduciary duties. In addition, such service should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.