Quote from: Uruhara on April 11, 2024, 10:56:44 AM

Quote from: krishnaverma on April 11, 2024, 09:47:56 AM

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.

It's true, one of the things that causes inflation is giving pensioners' salaries to employees, and this has been hereditary and difficult to eliminate. every month there are people who retire and the pension salary is still given by the state as a thank you after dedicating themselves for many years in government, so another thing that has now started to be done is that there is no pension salary, what exists is a form of severance pay, namely cash after retirement. , this is different from pension money paid every month while still alive, if severance pay is paid once. and this money can be used as business capital in old age. This requires regular socialization by the government so that employees before retirement can prepare themselves thoroughly before the retirement period arrives