Back in January, Chief Income Strategist Marc Lichtenfeld made a bold prediction for readers of his Oxford Income Letter: Inflation would rise higher and faster in 2021 than many people expected.
Now, with the U.S. inflation rate tapering off for the month at more than three times January’s reading and with prices at the grocery store and at the pump taking their toll on our wallets, many Americans would agree that rising prices are a serious problem.
But not to worry, says the Fed. It’s just “transitory” inflation – it won’t last.
In this week’s episode of State of the Market, Marc challenges that claim.
Marc argues that as trillions of new dollars flood the economy, and as rates remain at rock-bottom levels, inflation could go even higher than the 5%-plus reading we’re seeing now.
And when that means prices for everything from takeout to lifesaving medical care are set to soar, retirees and pre-retirees need to take notice.
Luckily, Marc has been preparing readers for this moment ever since he wrote his bestseller Get Rich with Dividends.
Investing in Perpetual Dividend Raisers – companies that consistently increase their dividend payments to shareholders – is a surefire way to generate more money every year and limit inflation’s toll on your retirement account.
In this week’s State of the Market video, Marc highlights two Perpetual Dividend Raisers, including one that boasts both ever-increasing income and impressive 10-year price appreciation.