American buying power eroded in 2021 and 2022, with inflation peaking at 9.1% in June 2022 due to factors like consumer spending, labor costs, and supply chain disruptions. Late economist Milton Friedman attributed inflation to government spending and money creation. Sen. Rand Paul and Elon Musk echoed Friedman’s views, offering strategies to combat inflation.

Real estate is a hedge against inflation, offering price appreciation and rental income. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index surged over 50% in the last five years. Platforms like Arrived and Mogul allow investors to buy shares of rental properties, offering income potential and appreciation.

Equities are another tool to combat inflation, as wealth of billionaires has grown at a rate faster than inflation. Public platform lets everyday investors invest in fractional shares for as little as $10. Research tools like Moby provide market insights to optimize portfolios. Financial professionals from Advisor.com can offer personalized advice for retirement goals.

Read more at Yahoo Finance: Elon Musk shared Milton Friedman speech saying ‘too much government spending’ causes inflation. His picks for protection