“If you’re not investing your money, inflation is slowly but surely picking your pocket.”
San Francisco, CA (PRWEB) April 08, 2013
FutureAdvisor, a digital financial advisor, looked at the Bureau of Labor statistics data they collect on more than 200 industries last week. They found that for most of them, the increases in weekly salaries for full time employees haven’t been enough to keep up with inflation. So while employees are getting raises, they’re actually taking a pay cut from the economy at large via inflation, a metric that measures purchasing power.
FutureAdvisor took this data and visualized it to illustrate how severe the problem is. The animated picture, available for publication, is a poignant image of how inflation is a serious problem in today’s economy.
“If you’re not investing your money, inflation is slowly but surely picking your pocket.” says Joshua Ziering, index investing evangelist at FutureAdvisor
This national issue is only compounded by other factors. FutureAdvisor has retirement data for over 20 million Americans broken down by state, company, and business size. For example, small businesses, the lifeblood of the US economy, have some of the worst 401k plans because they don’t have the leverage larger companies do.
More in depth analysis and link to the images: http://blog.futureadvisor.com/our-shrinking-salaries/
Founded in 2010, FutureAdvisor believes financial advice should be accessible to everyone, not just the wealthy. Built on an advanced financial algorithm, FutureAdvisor’s free web application helps everyday people to optimize their investments by providing recommendations on how to reduce fees, maximize on tax efficiency and select the right assets. The founding team includes financial industry veterans, top software engineers from Microsoft and several math PhDs from top universities. FutureAdvisor is backed by Sequoia Capital and angel investors, Square’s Chief Operating Offer, Keith Rabois and Yelp founder Jeremy Stoppelman. Visit them at http://www.futureadvisor.com, http://www.facebook.com/FutureAdvisor and http://www.twitter.com/futureadvisor.