Why is money at hand difficult to hold?
Sometimes the problem is not people who spend their money on unnecessary things it is simply that what they earn is not enough, so saving or trying to invest in something worthwhile becomes difficult due to the increase in prices of certain products that are essential and not last. A person who lives in a country whose economy is unstable and also has a large family, has the responsibility of maintaining the well-being of their children so in this case consumption would increase which it implies that it does not yield what is necessary, now imagine that they get sick having to cover the medicines, plus the consultations...how could someone save if inflation takes them to the ground???
Different strokes for different forks.
In recent times, the cost of living in my nation has doubled and half the population are often trying to feed on the other but in the real sense, it's just citizens killing themselves over and over.
It makes it hard to save. Especially when yourliving below the table, savings or investing in any sort of project or something that wouldn't fetch immediate money isn't always an option. Its always about eating and aing bills settled over and over.
It's a wheel and it goes on cycling.
Fiatbin itself poses a different impression than when we have to look at bitcoin. While one is an investment or asset, the other is just pit there looking like what to settle some expenditures with.
Well, the higher the price of goods on the market, the lower the price value of a fiat. That is why those holding fiat will increasingly lose value due to eroded inflation. But holding fiat cash is sometimes necessary for emergencies because it's easy to use. And yes, for the lower classes of society at this time they are only struggling to survive by meeting their daily basic needs. Everything they buy is essential things for survival like food for example. for the middle and upper class, maybe they can still overcome the current conditions. and they can still invest and save. because the middle and upper class usually always produce more than what they need to buy. It's just that there are also middle class people who live extravagantly and always buy things they don't really need.