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I am not sure what you mean about saving money. When there is inflation, nobody can save anything, because the value of any savings decreases too quickly. Eve
by adrian_b 1y ago
I am not sure what you mean about saving money.
When there is inflation, nobody can save anything, because the value of any savings decreases too quickly.
Everybody who has made prior savings loses them, unless they predict the inflation and buy something valuable, like real estate, with all the money they had.
As long as there is excessive inflation, any money earned must be spent immediately, before losing too much value. For ordinary people and small businesses this makes it very difficult to buy expensive things, because it is hard to save money for that and credits may become too risky.