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Re:You've Been Thinking About Inflation All Wrong (2022) by sparrish on Thursday March 21, 2024 @09:59AM (#39778581)
>If your pay is above your rate of spending (i.e. you are a saver), then you can get by with a raise less than inflation and be the same off.

Inflation hits 'saver's harder because the money sitting in the bank is worth less than if they had purchased a durable good that could possibly be sold for more later.

Re:You've Been Thinking About Inflation All Wrong (2022) by lupire on Thursday March 21, 2024 @10:23AM (#39778845)
Inflation hits cash savers. Cash is currency, not a store value.

Durable goods are a form of savings.

Re:You've Been Thinking About Inflation All Wrong (2022) by AstralStorm on Thursday March 21, 2024 @12:16PM (#39780582)
There is no nonperishable good.

Most everywhere you're expected to pay taxes for land, hardware gets used up and requires maintenance etc. Resources can get obsolete and lose value that way too.

So this strategy is not long term savings either.

Re:You've Been Thinking About Inflation All Wrong (2022) by lupire on Friday March 22, 2024 @07:50AM (#39789719)
Precious metal.
Re:You've Been Thinking About Inflation All Wrong (2022) by wdpk on Thursday March 21, 2024 @10:07AM (#39778689)
that's the reason, the article also gives as an advice for savers to invest into income producing assets which also produce proportionally more income as inflation rises instead of sitting on cash.
Re:You've Been Thinking About Inflation All Wrong (2022) by AstralStorm on Thursday March 21, 2024 @12:18PM (#39780604)
There are no such assets. Unless you consider slave labor one of these.

There's only so much you cannot increase wages to compensate before people will take matters into their own hands.