4 ms·
Inflation kills your wage much more reliably than wealth. If anything, the exact opposite of what you're saying happens: wealth has much lower risk from inflati
by tsimionescu 1mo ago
Inflation kills your wage much more reliably than wealth. If anything, the exact opposite of what you're saying happens: wealth has much lower risk from inflation, because the nominal price of the actual assets that your wealth is composed of often increases with inflation (e.g. land value). In contrast, wages are 100% affected by inflation - unless you put in the extra work to get a raise, the buying power of your salary is guaranteed to decrease year over year.