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that's why you get interest and above a certain amount of savings, you invest in the market to get growth. otherwise you buy land or gold.
by exe34 2y ago
that's why you get interest and above a certain amount of savings, you invest in the market to get growth. otherwise you buy land or gold.
- theli0nheart 2y agoThis is a strategy to protect against currency devaluation, but you still need to worry about interest rate risk (as do companies in the public markets, so investing in stocks isn't a sure thing). Unfortunately, for people who live paycheck-to-paycheck, there's not much to be done besides wait for wages to catch up. And in general, wages don't keep immediate pace with inflation. The net result is that lower-income workers suffer the bulk of the consequences of high inflation.