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Regarding #2, or rather inflation, is it a hidden way to transfer wealth from one generation to the next? Older savers see their wealth dissolve away due to inf
by chkaloon 6y ago
Regarding #2, or rather inflation, is it a hidden way to transfer wealth from one generation to the next? Older savers see their wealth dissolve away due to inflation, while the younger generations are held somewhat stable by rising wages. It's unfortunate, but probably the least painful way out of this.
- postingawayonhn 6y agoAssets prices are inflating more than anything else. If your savings are in stocks or possibly property you're likely doing quite well.
- chkaloon 6y agoRight now, sure. But I think we're talking longer term. We've been in an asset/debt bubble for quite a while. Some would argue decades. Inflation may be the least painful way out.