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Rich folks don’t keep their money in savings accounts. Rather real estate and securities, which scale with inflation.

• jbjbjbjb 2y ago
  The global bond market is bigger than the global equity market - look it up. It’s held by someone and it ain’t poor people.
  • mixmastamyk 2y ago
    Bonds can respond to inflation in a few ways. Tips, shorter terms. If you locked in a low rate, long term, yes.
    • jbjbjbjb 2y ago
      You could do floating rate notes too. But fixed rate bonds are by far the largest portion of the bond market and cash on hand is always a big component.