Re:Federal Reserve Now Projects Rate Increases in 2023 as Ec...
by WillPostForFood on Wednesday June 16, 2021 @04:21PM
(#27533037)
To my 1 year old with $1000 it is.
Inflation is going to make that $1000 worth less unless your 1 yr old is a great investor. If they have any tips, pass them on. I some cash and no freaking idea how to protect the value.
To a college kid with savings from teenage jobs, it is.
See above inflation is tough on savings. Might be good for a young adult with college debt that can be paid back with inflated dollars.
To people who's wages didn't go up, it is.
Only if wages rise faster than prices. Wages often trail prices in high inflation environments. In extreme scenarios, prices can go up in restaurants and stores every day, but wages may only go up after a pay period, or after yearly review.
Inflation is going to make that $1000 worth less unless your 1 yr old is a great investor. If they have any tips, pass them on. I some cash and no freaking idea how to protect the value.
To a college kid with savings from teenage jobs, it is.
See above inflation is tough on savings. Might be good for a young adult with college debt that can be paid back with inflated dollars.
To people who's wages didn't go up, it is.
Only if wages rise faster than prices. Wages often trail prices in high inflation environments. In extreme scenarios, prices can go up in restaurants and stores every day, but wages may only go up after a pay period, or after yearly review.