Opinion: With inflation staying higher for longer, stocks are best for your retirement savings

We have many reasons to believe U.S. inflation will remain elevated for several more years, and stocks may be your best option for long-term savings.

During the 1990s and 2000s, the average annual increase in the consumer price index was about 2%. Americans benefited from the digital revolution. Vast improvements in computing power, and easier access to software through the internet, cloud and smartphones boosted productivity. 

Meanwhile,…