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RE: Here’s the Inflation – in Stocks, Real Estate, Higher Ed ~ Ryan McMaken … (Death of the Dollar–32) with Link to Full Story
Good points, particularly about deflation. I know that in countries with high inflation, citizens do not save, since their money will be worth so much less by tomorrow, or next week, or next month. So, they spend money today.
However, currently, people still have no reason to spend. But once inflation hits, watch out!!
Hi @majes.tytyty
I think that the main difficulty for saving is that you don't earn enough even to be able to save, most families in countries with high inflation rate are solving day by day. And saving becomes almost impossible for many
That's true, particularly in the past 2 decades or more. Saving is almost impossible, so many people rely on credit to make ends meet. Quite simply, it's a recipe for disaster – for not only the individuals, but also for the economy as a whole.