Impact of inflation on savings

[Augusta]

Inflation can seriously eat into our savings, right? Like, the money we save today might not have the same purchasing power tomorrow. Anyone else thinking about how to protect their cash?

 

[Min George]

Inflation always erodes the value of any amount of money saved. That's why it is better to make good investments than save.

 

[Nomad]

The value of money goes down when there is inflation. Instead of increasing your savings, inflation will reduce your monetary value.