What do you understand by standard of living how do you think it can be affected by savings and investment. For instance do you think an individual who is actively trying to save and invest can improve their standard of living SIGNIFICANTLY or even maintain the one they already have?
Would you advise an individual to try improve their standard of living as they save and invest since saving and investment is a continuous process?
Saving and investing are both very important for people to secure their future, but currently, saving, especially keeping money in the bank, is definitely not appropriate due to inflation. Again, if I say that investing in something, especially gold or Bitcoin, and it is a decision to hold it for the long term, it is definitely suitable for savings and it is free from the effects of inflation.