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No idea how to respond in terms of personal finances other than investing 10k in I-Bonds and agitating for a raise.
by tunesmith 5y ago
No idea how to respond in terms of personal finances other than investing 10k in I-Bonds and agitating for a raise.
- mym1990 5y agoIt makes it incredibly difficult to allocate resources when pretty much everything feels overbought. Personally, I have put off buying a car(was going to go electric but those 'affordable' model 3 prices not looking so great anymore), have changed some of my grocery habits, and try to consume less in general.
- nostrademons 5y agoI-bonds are actually relatively poor inflation hedges because government inflation numbers usually understate actual inflation. This has been constant across multiple countries and multiple hyperinflationary events. It's like entering a contract where the party paying you also gets to set how much they pay you. Real assets that universally desired usually do better. Things like real estate, stocks of consumer staples, and industries that are critical for conducting business (eg. transportation, or anything that's a channel to the consumer). People will continue to need these regardless of what the government does, and as long as contracts hold, their value will increase.