Instead of saving a huge amount in the bank like some rich, middle class and poor people did in the past, the best decision now is to invest in an asset that can guarantee a better reward to combat the situation. One of the richest man in my country shared his story, he said that he became rich after he discovered that when he save some money in the bank, he gets interest. So he started stacking up huge funds as fix deposits in the bank and he was getting passive income, since he saved a huge amount, the interest was huge too and fiat money had value then, unlike now that the value of money has completely depreciated.

So, this time around, people should not go with such method again, seek for knowledge of other good assets to invest your money.