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current inflation levelsMoneywise
•Business
Business & Economics
73% Informative
Economists coined the term stagflation to describe a period of slow economic growth, high levels of unemployment and stubbornly high prices.
During stagflation, prices remain elevated while the economy remains in a slump.
The last time the U.S. had to deal with a prolonged period of stagflation was during the 1970s .
Make sure your portfolio is well diversified whether you're close to retirement or a long way off.
Loading up on S&P 500 ETFs gives you exposure to the broad market, and it's a good option for people who don't have the time or skills to research stocks individually.
If you're decades away from retirement, a more stock-heavy portfolio may be appropriate.
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