Post
Topic
Board Economics
Re: Inflation is making a mess of my savings.
by
Davidvictorson
on 19/07/2023, 20:56:21 UTC
I do not know where the OP is from but from where I am now the inflation is mostly likely to lead to a large scale protest. I know that we cannot generalize the effects of inflation to countries all over the world because some countries are not actually experiencing any inflation. But if you live in a country like mine, it is easy to understand the inflation and the effect it has on your savings. The Middle class is about to be erased. Each day there is almost like a 2% increment in the prices of goods.  While income and minimum wage remains the same. There is never a better than to do odd jobs and other jobs to increase the sources of one income because no one can survive on one source of income at the moment in my country.