During periods of high inflation, such as we are presently enduring, you feel like a chump for saving your money. Every day it sits in your bank account, you lose part of it. The buying power of the dollar shrinks. It's a form of taxation without representation. Inflation encourages people not to save, but to go into debt.
During periods of high inflation, such as we are presently enduring, you feel like a chump for saving your money. Every day it sits in your bank account, you lose part of it. The buying power of the dollar shrinks. It's a form of taxation without representation. Inflation encourages people not to save, but to go into debt.
You really shouldnt keep a substantial amount of cash. Rolling sets of inflation-adjusted bonds such as I Bonds are better if they're available to you.
You really shouldnt keep a substantial amount of cash. Rolling sets of inflation-adjusted bonds such as I Bonds are better if they're available to you.
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