the effect on house hold savings is that, when there's inflation in the country purchasing becomes so high. when the of petrol or food stuff triple it seif, it makes banks savings become waste of time. because the money in the can't usually buy what you want any more, family man which  has been earning 50k with 4kids can no longer meet up because of the inflation, but if they invest there money in Bitcoin or any other financial institutions, they will be able meet the economy standard. these are the things that make many Nigeria citizens are complaining about the government of the day, these presents inflation in Nigeria right now makes me understand how investment is important than bank savings.and on the long run salaries remain stagnant and food stuff are rising day by day, how is such person cupping with the situation of the country.