Everything have increase in ×3 or 4 and the income of people still remains the same, it is not even easy to meet up with daily demands. With the terrible economy now and increasing inflation from time to time I don't think savings is the best because currency is losing value constantly. This is the time to invest atleast to bring more profit instead of living it in the bank. Saving to invest is very important for the future because know one can tell what the economy can be like after now, if it will get better or worse. This time the best thing to do is to look for a way to increase the income to meet up with the needs and to invest some for the future.
Inflation is a tool that is used to prevent ordinary people from achieving a comfortable life. Goods and services are constantly becoming more expensive, this happens all the time, but their incomes are growing comparatively slower, so the standard of living is gradually declining.
You need to save, without this you will not be able to create capital, but you must make sure that your savings work and are protected from inflation, this is the only way to save and increase your funds. If you only save and keep your savings in a safe for a long time, they will only depreciate over time.
The big evil wolf in your financial fairy tale, inflation, is an economic reality caused by government actions and market forces. It's hard and incomes struggle, but that's only part of the picture
Great idea on savings and investment as inflation protection. However, don't simplify. Ways to make money work are just as important. Diversification, risk assessment, and strategy are essential. Jumping on the latest investment fad won't work. It involves market, economy, and human behaviour knowledge
Everyone's affected by inflation. It can be mitigated by knowledge, strategy, and action. Let's not rush to victimisation. Educate yourself and make decisions. This is how you defend