Quote from: Davidvictorson on Today at 08:56:21 PM

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.

If you are talking about Nigeria, then you are completely correct, Sorry to use this this phrase but the economy of Nigeria is a deep mess, i really fear for the future to be honest, Many people who were once considered rich are gradually being returned back to poverty, if they are actually not yet in poverty, something really needs to be done and done fast, else, in a few more months or about a year from now, things might get really ugly.

The situation of my countries economy right now is nothing but a true explainer of what OP meant in the subject title which says that inflation is making a mess of his savings, for me really, it not about savings, as i no longer save my money in my local countries currency, its all about earnings, i cant believe how much i earn monthly this time around, but i still go broke before the end f every month due to the very high cost of things, the country is really crying for help and something needs to be done and done fast.