Post
Topic
Board Economics
Re: Inflation is making a mess of my savings.
by
BitHeir
on 24/07/2023, 03:21:20 UTC
The purchasing powers of citizens are getting weak and I don't understand if the consumer protection laws are even effective anymore this days.
You buy something for a certain amount today, in the next one week, that same item you bought  has charged Prince without any reason.
How are you guys pulling it through with this inflation?
Inflation from fiat currencies is bad and it happens in all nations, just more or less, inflationary or hyper inflationary.

You got problems with your savings because you chose wrong assets for your savings. If you picked a fiat currency for your savings, your saving interest annually can not cover the inflation rate annually in your nation.

If you look at alternatives like Gold or Bitcoin, you will have less problems from fiat inflation.