Understanding inflation.  From straw hats and wearable technology to GDP and CPI.

 While financial planners tend to be prudent and make evidence-based decisions on the wealth management side, we'll take $50 to Vegas that you didn't know this one;  the consumption of straw hats was a marker for inflation in the early 1900's.    Today, those markers include everything from computers and cars to clothes and cell phones.  Inflation has been a constant in just about every business and economic story since the pandemic.   After all, prices have gone up on most things.   There were fears wages wouldn't keep up with inflation.  Largely, they have.  The U.S. economy has also defied fears of a recession for several years now and rising inflation has been a big part of that whole discussion.    So, Keeler and Nadler's Andy Keeler thought it would be a good time for some 'Inflation 101'.    This discussion, along with Keeler and Nadler's Mark Beaver, requires several things:  historical context, defining things like GDP and CPI, some myth-busting and as with many factors related to wealth management — nuance and expertise.  It's all right here in Episode 11 of Financial Opportunities Uncovered.The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations.It is only intended to provide education about finance, tax, retirement and related planning topics. To determine which investments or strategies may be appropriate for you, consult your financial, tax or legal advisor prior to implementing. Any past performance discussed during this program is no guarantee of future results.Any indices referenced for comparison are unmanaged and cannot be invested into directly. As always please remember investing involves risk and possible loss of principal capital; please seek advice from a licensed professional.Keeler & Nadler Family Wealth is a registered investment adviser. Advisory services are only offered to clients or prospective clients where Keeler & Nadler Family Wealth and its representatives are properly licensed or exempt from licensure. No advice may be rendered by Keeler & Nadler Family Wealth unless a client service agreement is in place.