Post
Topic
Board Economics
Re: The savings problem
by
Bloodseekers
on 05/02/2024, 23:50:29 UTC
You say that the value of savings is disappearing among the population, especially among the youth, and I think that the economy is not helping this situation, but if there's a will, there's a way. People need to get a financial education and read books that help them in their jobs. Because most of these problems arise because people don't distribute their income properly and leave expensive items for the future.
In a society where inflation seems to be the order of the day, savings seems to be pretty much a bad idea. I mean, why would you save when all you’ve got piled away could be devalued to worth almost nothing.

Somehow, savings isn’t an abandoned act within the youth with a particular focus on how they could enhance their growth and financial freedom. Most youths with some great deal of discipline still do themselves the favour of having to save. Save with a particular intent of providing securities for their future. Those who have this understands wouldn’t give much importance to what the devaluation of currency might be. You still get to save no matter what.
If we don't need to save because what we save will lose value if inflation occurs, then we can use the money we save to invest to maintain the value of the money we have and we also have to choose a type of investment that will not have an impact when inflation occurs.
If we want financial freedom, of course we have to be able to have savings and we have to find a way so that the savings we have will not have any impact on inflation, because if we don't have any savings to prepare for the future, of course this will be very difficult when facing something. which we cannot predict in the future.