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>> I was brought up to work diligently, not take on debt, and save It absolutely will put you at a huge disadvantage, through no fault of your own. The whole
by thorwasdfasdf 7y ago
>> I was brought up to work diligently, not take on debt, and save
It absolutely will put you at a huge disadvantage, through no fault of your own. The whole point is to transfer money from savers to debtors.
And, there's no getting away from it, unless you take on large risks. The govt is pushing for more and more inflation. We've already had high inflation for the last couple of years of over 2%, and they're still pushing for more inflation. The only way to protect your money is to get into real assets like real estate and equities. Yes, that entails a lot of risk.