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It’s not that surprising. Inflation destroys your savings
by vasilipupkin 2y ago
It’s not that surprising. Inflation destroys your savings
- consumer451 2y agoAlso, as we have recently seen, a larger than normal inflation rate apparently gives corporations PR cover for raising profit margins across the board.
- tedunangst 2y agoUnemployment can be rough on the savings too.
- bwestergard 2y agoOnly 21% of Americans have more than $5000 in savings. So their employment prospects should matter much more to them on any reasonable analysis. https://www.cnbc.com/2024/01/24/how-much-money-americans-have-in-savings.html https://www.cnbc.com/2024/01/24/how-much-money-americans-hav...
- vasilipupkin 2y agoThe Americans that don’t have any savings don’t necessarily have wages that keep up with inflation either. But also https://www.usatoday.com/story/money/2024/01/14/average-net-worth-1-million-50-year-olds/72177890007/ https://www.usatoday.com/story/money/2024/01/14/average-net-...