As a result of these economic conditions if you have $10,000 in a bank account today AT ZERO PERCENT INTEREST you will be able to purchase fewer goods and services with it next year because it will continue to decline in value.
You are viewing a single comment's thread from:
Yeah. Ok.
The economy in the U.S. is awesome right now, stocks, real estate, cryptocurrencies, gold, everything is way up. This is a good time to diversify your portfolio so that when there it a contraction you don't get sunk by one market collapsing. There are even savings accounts at banks paying integer interest rates, that counters a lot of the impact from inflation devaluing your money. As long as inflation rates remain low.