OP, those that retired in the past with less money, really does not correlate if you are 45 years old and have 10 years to plan.
I just had 3 crowns installed due to old man teeth problems. That was SIX GRAND, for an expected 10 year tooth life extension. Implants are coming next. They are currently $8K each. I promise this kind of stuff is coming. If not teeth, then it will be something else. A non covered prescription, you name it.
In aviation, hangar renting follows FAA rules and GOV requirements, Pricing is tied to REAL INFLATION, not CPI. Last year, 21 to 22, the increase was over 15.3%, based on government documents. The year inflation was under 3%, our government managers were able to accurately show us why rent was going up 8%. This year, 22 to 23, the rent increase was 40%. And I still have no heat in my hangar office in NY. (insert swear words here)
MY POINT, if you think inflation is not a factor, consider my examples and how quickly it becomes a tax on savings.
EDIT: Another thought, there is a push to abolish the IRS and implement a national sales tax. This is double taxation on savings. As your income was taxed, then saved, then taxed again when the rules changed. This may happen, because it is a windfall for the .gov.