9 Reasons You May Never Retire

7) Inflation vs. Interest will make it Too Expensive

Interest rates have been so low for about 10 years that it is nearly impossible to earn enough through savings. Leave money in the bank and chances are it will be worth less, not more, over time. That is because interest paid is low but annual inflation is high. The buying power of the dollar deteriorates while the cost of living becomes more and more expensive. To avoid this double whammy, invest in multiple income channels. Pay off your debt, especially high interest loans like credit card debt.