[peteey]

Coping with inflation creates extra taxes. There is no perfect mitigation.

Use your existing dollars to buy non-volatile assets like real estate or gold requires you to pay long term capital gains. Gold mostly keeps a constant value, but the dollar value goes down, and the gold price goes up. That looks like a "profit" and you need to pay 15%, soon to be 20%. Effectively, the effect of inflation decreases by 4/5.

For example. suppose you have $100. Holding it over two years of 2% inflation effectively makes the money worth 96$ = 100/(1.02^2). Instead, if you bought $100 of gold, hold for two years, and sell it for $104, you are taxes on 20% of $4. Your loss is $0.8 instead of $4.

Your need to ask for a raise proportional to inflation, but that puts you in higher tax brackets. Your new dollars over 85k are taxes at 24% instead of 10%. Asking for a raise is very difficult for some people...