Retiree's hidden inflation

For years we've been told that there is little inflation in the prices of the goods and services that retirees consume. In a way that argument is correct, but in another way that argument is way off.

Let me give you this example of how retirees have experienced what I call Asset Inflation.

In 1982 a retiree could generate $500 a month in interest income from a $60,000 bank CD.

Today, to generate that same $500 a month in interest income, our retiree would have to own a $600,000 bank CD.

Though retirees today tend to have more retirement savings than their counterparts almost 40-years ago- they DO NOT HAVE TEN TIMES AS MUCH.

It's a tough time to be a retiree who prefers accounts where they cannot lose money.