Income inflation over a 45 year career.

Without any taxes, the lost purchasing power is ~35%

I set the inflation rate to 2% which is the target inflation of central banks. In reality of course, inflation is far higher.

Below I provide the output data for the calculations so that they can be easily verified. A simple for-loop can be used to calculate the inflation percentage, i.e. the loss of purchasing power.

Diagram made in GIMP.

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