Those who can afford to put 80% of their savings away for 20 years are those who are least vulnerable to the effects of inflation. The people most affected are

Those who can afford to put 80% of their savings away for 20 years are those who are least vulnerable to the effects of inflation. The people most affected are those who have most of their assets in cash or cash equivalents. The low and minimum wage earners who can't afford to invest in stocks. Those who are attempting to enter the property ladder who need to save a deposit for a mortgage and see that their savings are declining by 7.5%/year. At an inflation rate of 7.8%, it takes only 9 years for the price of everything to double. That minimum wage earner now has had half of his hard work amount to nothing, but the house he wanted to buy is now twice as expensive.