2 ms·

I've lived my whole life in a country with inflation. Its really not a big deal (to us anyway.) Wages rise with inflation to keep pace, investements take it int

I've lived my whole life in a country with inflation. Its really not a big deal (to us anyway.) Wages rise with inflation to keep pace, investements take it into account ,we're not aiming for fixed-income pensions, and so on. I know there's a generation in the US that haven't seen it before, so it's scary, but once employers get into step with it, it's really not. Gentrification is a more complex issue, and tends to be quite local. But again it's normal for neighborhoods to revitalise every second generation or so. Again though, your opening statement was viewed through the idea of money. And I get that you live in a world where this is the first (and often only) consideration. How might you see it differently though if you took a different primary goal? Obviously the world you live in is the world you live in. So I'm not expecting your society to change. Rather I'm challenging you to imagine a different premise.

itake 3y ago
My understanding is inflation is scariest when you approach retirement. At this point, you should divest from high-risk investments, and relying on low-risk cash flow vehicles (bonds, HYSA, dividend stocks, etc.). But low-risk blows up in your face if inflation jumps. The primary goal isn't money. It is being able to live a comfortable lifestyle in the area that I want to live in and receive the healthcare that I want to receive. Money helps you achieve that goal. In the case of the Amish, I'd imagine they have similar ideas about their future. They want to continue living as they have been living and carefully introducing modern technologies into their culture.