The Impact of Inflation on Your Savings and Investments
Inflation is an economic phenomenon that affects the purchasing power of money over time. It refers to the general increase in prices of goods and services in an economy. While moderate inflation is considered normal and even necessary for economic growth, high inflation can have a significant impact on your savings and investments. One of the main concerns with inflation is that it erodes the value of money. As prices rise, the same amount of money can buy fewer goods and services. This means ... Read more