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This 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 inve
by theli0nheart 2y ago
This 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.