Inflation, especially if it is persistent and continues, can be a problem for both consumers and investors. Higher costs weigh more heavily on wallets, and the overall environment can be a drag on riskier assets, as well.
"Generally speaking, equities do better in a low inflationary environment as compared with a high inflationary environment," David Kostin, Goldman Sachs' U.S. equity strategist,Breaking down inflation fears While many investors are worried about inflation, some groups see it as more problematic than others. For example, 85% of Republican millionaires are concerned about rising prices, compared to 42% of their Democrat counterparts.
Younger investors are also more worried than their elders. As many as 52% of millennial millionaires said they're "very concerned" about inflation, compared to 40% of Generation X and 31% of baby boomers surveyed. Across the board, men were more concerned with inflation pressures than women. Another reason that rising inflation worries investors is that it could encourage the Fed to raise interest rates. That could be a headwind for equities and means that borrowing money will become more expensive.
acorns Why, theyve got plenty of money.
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