How You End Up Losing More Due To Inflation

in finance •  2 years ago 

Inflation steals from you secretly that you may not realize. When the government prints fiat currency, it devalues the currency you have.

hd-wallpaper-3125447_1920.jpg
Image Source

People who get newly printed money will buy stuff with that. They will have more purchasing power. Purchasing power shifts to their hands and they get the benefit. The purchasing power of your currency drops. So you end up losing more.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!