Post
Topic
Board Economics
Re: Will inflation become big challenge for retired people after 10-20 years?
by
Uruhara
on 11/04/2024, 10:56:44 UTC
It is already causing lot of problems for retired people. How much will this problem intensify in future ?
This is the importance of understanding that saving money or saving in fiat is not at all recommended if it is for the long term such as for retirement funds. Because fiat will always experience a decrease in value due to the impact of inflation. And slowly the value will decrease and imagine that in a few decades the money that looked like a lot will no longer be worth as much as it was when you first started saving. It would be better if we prepare ourselves by investing in things that are profitable and increase in value in the long term, such as real estate. Or land that can bring in passive income after we plant it with trees that can continue to bear fruit every season without requiring expensive maintenance. And we can take advantage of that in retirement. Land prices will continue to increase and so will the prices of fruit and trees. So this is the good thing about real estate investment for the long term.

But buying real estate requires a lot of capital. So before that maybe we can do business to increase our wealth. But nothing is easy in this world. Well everything requires hard work and long learning. And inflation is always difficult to avoid. That's why we have to be ready to face it.