But since 1969, inflation has eroded benefits to children by one-third.
Your capital might be safe, but there is the risk that inflation will erode its buying power.
During that period inflation has severely eroded the wage's value.
When inflation was eroding the value of money daily, most businesses stopped taking credit cards.
That is mostly because inflation has eroded the average welfare benefit by about 42 percent over the past two decades.
Indeed, inflation has eroded the minimum wage to a 40-year low in terms of buying power.
Portfolio growth remains an important goal because inflation erodes wealth over time.
Nonetheless, inflation has eroded the purchasing power of the basic grant by nearly 40 percent since 1970.
The new owner is often quick to sell the $1 million bond if inflation, or the threat of it, erodes its value.
Once, they worried that inflation would erode the value of this money before it was repaid.