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Thousands eagerly took out the tax-free accounts that offered inflation-busting interest rates.
The rates will rise with inflation, of course; experts recommend a policy that offers inflation protection.
I-Bonds, United States savings bonds that also offer inflation protection, are not tax-disadvantaged in this way.
To cover the discrepancy, Chartis and other high-end insurers offer inflation adjustment coverage, usually up to 150 percent of an item's value — which is substantial, but would not have covered the pink diamond.
They offer inflation protection.
Stocks offer inflation protection, especially if they pay high dividends, but all bets are off if inflation gets too high.
DB schemes usually offer inflation proofing, and the ability to pass some of the income on to a spouse.
Most national govenment pensions (including the US's Social Security) try to offer inflation-linking to offset this risk.
Instead, drivers are offered an inflation patch kit for re-inflating or sealing a busted tire.
However, when the research assistant offered help, inflation rates were buoyed by the social norm.
That has led some investors to seek shelter in hard assets that hold value over time and offer inflation protection — workable land being one of them.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com