How INFLATION affects you:
The official U.S. Inflation Rate is at a 40-Year High:   9.1%  (as of 27-JUL-2022)
Source:  https://tradingeconomics.com/united-states/inflation-cpi 

https://USInflationCalculator.com -  Based on current official inflation calculations for 2022:

   


The LOSS columns above show how much your income and/or savings are losing per month and per year.
According to ShadowStats.com, the inflation calculations have been changed several times to make inflation look less severe.
Therefore, inflation as of 13-JUL-2022 is actually 17.5 % based on  1980 calculations.
     https://site2data.com/inflation17.5.jpg  (based on 1980 calculations)

ShadowStats.com