I lived through the inflation we had here in the US during the 1970's and 1980's, and that was tough. I don't personally believe that the CPI would keep up with over a million percent inflation (so much for our COLAs, TIPS, etc). I just don't see how any of us could feel confident if faced with 79.6 billion percent inflation in a month.Zimbabwe's peak month of inflation is estimated at 79.6 billion percent in mid-November 2008.
I'm a little surprised by the voting so far, but I wasn't presuming or "looking for" any particular response(s), other than maybe asteroids finishing low on the poll. Thanks for your thoughts/vote, clearly a significant number of members agree with your POV.So while it is unlikely, and so possibly not what you are looking for, I still think hyperinflation is so devastating that it is the greatest of those perils listed. The most probable is probably something much less disastrous and easier to overcome, like identity theft.
Sequence of returns risk seems unlikely without depression/recession so I'd lump it in there. But I took the options from the other thread, and I don't remember anyone mentioning SORR specifically.Was looking for the dreaded sequence of returns option for those of us on the cusp of ER. Surprised to see at this point 54% see something of a personal nature impacting them. Other than perhaps an unexpected serious health condition, personal is no issue for me.
With medical problems being the leading cause of personal bankruptcy and the cost of health care going up by the moment, I would have expected 'personal' to be the leading cause. Many of the widespread economic problems will be shared by everyone so tend to be less personally devastating. Even in Zimbabwe and other places with significant inflation, life goes on. People are resourceful and ingenious. Barter economies and other adaptations arise that allow things to function.
Surprised to see at this point 54% see something of a personal nature impacting them. Other than perhaps an unexpected serious health condition, personal is no issue for me.