Bitcoin Forum

There are two types of consequences: if you have money on your bank account they lose their purchasing power because you are subjected to an "implicit tax" because your saving are cut by the increasing in the price level. So you should be able to invest your money in bond or in  the Capital market in order to close the gap with the inflation rate.

Obviously investing you can achieve more profits but losses at the same time, due the equation more yield and more risks.

If you want an advice you can just think to invest your money in bond because Central Banks will decrease interest rates in the long run because inflation is falling sharply.

It looks like you just mentioned one type of consequence, did you forget to write the second one?

I have never entered or bought the bond market, I have only tried the stock market but for me it is too complicated. We have a more profitable solution here so we are not as interested in the bond market. Of course Bitcoin, and bitcoin has higher returns than bonds with the same risk. You can see the price history of bitcoin over time, which is great

Slipped my mind I forgot, low returns on savings is also a consequence if the interest rates on your savings accounts or other fixed-income investments don't keep up with inflation, the real returns on those investments may be negative. Even though you're earning interest, the purchasing power of your savings is actually decreasing.

It'll prove useful putting these factors in mind and consider strategies to protect and grow your savings in the face of inflation, finding alternative ways of income could also help in some way, like investing in bonds and stocks I mentioned earlier. Bitcoin clearly has higher returns if you go about it with the right knowledge and understanding. At some point it gets to doing whatever works best for you and yields credible enough results for you.

For me, it's not an income if you invest your money in bonds, because the interest is only enough to protect your wealth against inflation.

To be honest investing in Bitcoin doesn't need to have really high knowledge or understanding, you only need to know the basic security and don't be greedy.

Just know the basic computer security, buy a hardware wallet, buy Bitcoin on safe exchange, don't participate or click anything that related to airdrop, giveaway etc, now you're already safe and don't need to worry about anything.

Just like I said, it all narrows down to what you think works best for you as some people opt to invest in bonds. I personally prefer investing in Bitcoin to bonds and securities.

I didn't say investing in Bitcoin requires high knowledge though, I just said the right knowledge and understanding. I don't think it's fair saying it requires basic computer security because we all have different levels of understanding, sometimes what I consider basic might seem very complex to you and on the other hand what you consider basic could be a very complex thing to me. I don't know if you understand my point.

Keeping money in your banks will definitely be affected by the inflation whenever it hits, instead of keeping your money just like that at home or banks, there different investment plans that's if you don't like Bitcoin investment, you can go into goods and services trading to earn more income for yourself, the economic situation currently has reshaped the thinking of individuals who has been found wanting in this exhibition, people should build the mindset of investment, if you look at the interest rate if banks you will be discouraged to keep your money in any bank, I have always have the mindset that banks benefit more than the people saving in their firm.

Inflation significantly impacts household saving and buying power. With inflation comes the devaluation of money. Inflation has an inverse relation with savings; the higher the inflation, the lower will be the saving and vice versa. People living in high-inflation areas/ countries do not invest for the future. The same is true for stock investment in the future.
To beat inflation, one of the few options is to invest your money into stocks using a passive indexing approach. Buying Gold, Silver, or other precious metals might help a person overcome inflation.   

You can consult these research papers for further understanding of the topic.

https://www.bis.org/publ/work1152.pdf
https://www.sciencedirect.com/science/article/abs/pii/S2214635017301107?via%3Dihub
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3383452
https://rodneywhitecenter.wharton.upenn.edu/wp-content/uploads/2014/03/8111.pdf

it is much better to save money in bitcoin or gold, because if you choose to save your money in banks, securities, bonds, or the capital market, there is a big possibility that it will be affected by the inflation that is currently occurring in your country. or if you try to take your money out to foreign markets, it is very likely that your country will impose restrictions on the flow of outbound transactions and you will not be able to access all your assets, and that is quite risky.

so bitcoin or gold is still the best choice when inflation occurs in your country.

The negative effect of inflation on household savings is that it erodes the purchasing power of money over time. When inflation rises the value of money decreases meaning that the same amount of money can buy less goods & services. This reduction in purchasing power reduces the real value of savings making it harder for households to maintain their standard of living & achieve their long term financial goals. Inflation can also discourage saving as people might need to spend their money quickly before its value further diminishes. Inflation erodes the stability and growth of household savings. I think it was Michael Saylor who said over time your fiat is like a big block of ice in warm conditions, it slowly melts away.

It is true for sure, I mean inflation is a huge problem around the world and it is just because of the broken system in the government, there was nothing really that we can do about it because we are run by the government, so as long as they wanted to they could easily print money as long as they wanted to which has a huge effect on as that we called inflation, because of the fiat money infinite supply the value of fiat money could easily go down and it could continue as long as its increasing its supply.

There are still some things that we could easily do to avoid inflation like for example investing in Bitcoin or Cryptocurrency, or maybe we could put our money on gold, we the upward trend and limited supply we could fight inflation even though it wasn't for sure a guarantee investment, but in theory due to its structure with limited supply or 21 Million we could easily assume that in the future the market value of it is gonna continue to skyrocket.

Still, fiat is still an important thing that we need and it has a value that we use in our everyday life, saving as well wasn't really that bad, in my opinion, what important is our mindset, having the financial mindset is the thing that we really need in order to achieve financial freedom in life, as long as we have the poor mindset like for example keep on buying things that we dont really need and we can't really afford there was no way that you could ever achieve financial freedom in life.

I am living in a country that is suffering from double-digit inflation. The price of goods and services has skyrocketed and our local currency has lost almost 89%/ of its purchasing power. Many people are migrating to the Western world because of economic hardship. I will not invest in the bonds of a government that cannot manage the economy, I prefer investing in Bitcoin. Bitcoin has proved to be a sound hedge against inflation, therefore recommending it is not a bad idea. People will always use the volatility of Bitcoin as an excuse for not including it as a means of shielding money from inflation but some country's currencies are even more unstable.

There are multiple ways to beat the inflation. I won't go into that but I will rather tell you how you can beat inflation.

If you are considering only real world assets excluding cryptocurrency, then you should be choosing stock market and gold. In stock market try choosing either small cap or midcap or a mix of those. Historically these stocks have shown immense growth. But I can't deny that a risk factor is also there.

On the other hand gold extreme resilience against the financial ups and downs. If you want capital protection along with growth, you should choose a fair percentage of your portfolio in gold.

Avoid any kind of bank deposits.

With the present economy situation, we may have our decision for making savings but holding them in fiat could be one of the greatest mistake we may do because fiat depreciates in value over time and inflations its first killer, than when we make our savings in bitcoin and hold for some time for the value of the coin we are holding to appreciate instead of fiat depreciation over time.

If you live in a country where your local currency is not stable, meaning that the currency is devaluing then it's best not to leave your money in the bank, because if you do, the amount will still be the same, but the value of the money will be drastically reducing. If you withdraw money from the bank to make purchases, the same amount will keep purchasing lesser items everytime, so the account owner must find a better alternative to secure their money.

As far as I know and with crypto knowledge that I have, the best place to save your money that'll double as an investment for you is to hodle Bitcoin, it's a valuable asset that will keep increasing your capital, only that you need to hold it for a long term to be able to enjoy it's ROI. Alternatively the person can convert his money to stablecoins, to avoid inflation. Bonds are good, but I can only give advice on cryptocurrency areas that I'm knowledge.

Yep, inflation can affect your finances. I also strongly support investing in bonds during periods of decreasing inflation. Because IMO, the central bank will often reduce interest rates, leading to an increase in bond prices, and it is a relatively safe investment channel with stable profits.

But it is also necessary to adapt to the economic situation as well as improve many skills as well as tighten spending, choosing investment channels that suit your risk tolerance and financial goals. We (not all) are affected by the economic impact, understanding the effects of inflation and taking appropriate measures can protect our finances and maintain our standard of life good.

Do savings stay when there is high inflation? I mean, when the prices of goods keep going up and if one cannot fulfill all their needs with their current income, they will be compelled to use the money they have saved so far so that they don't starve to death or face a lot of problems in their lives.
Even if they don't use the money for food and basic living necessities, as you said, the money will either be eaten from taxes or will lose purchasing power which is also equivalent to losing the money in its actual sense.
When we talk about investments, people need to be careful where they are investing their money because there are a lot of scams looking for vulnerable people that are looking for a place to safeguard their funds during bad economic times.

household savings are not suppose to be a huge pot of wealth, where by inflation loses you notable buying power..
also even if inflation was say 6% thats only 0.5% a month

so think about whats the biggest expense that will surprise you
EG month rent, a kitchen appliance failure.

things that if they failed or something happened would cause immediate stress or issues
thats what should be in savings (rescue pot) thats easy access without loss if withdrawn instantly

EG if its $1k/$2k then over a years 6% inflation is a value loss of $60-$120 a year on a 0 interest account.. which means just putting in an extra $5-10 a month to top it up to current inflation value of goods/emergency cover

as for planned accumulation for future spending. you can put that into accounts that offer better interest. some come with stipulations like only X withdrawals per year or locked in for a year

as for just accumulating for wealth. then invest. knowing you dont need to touch it during bear markets because the savings pot rescues you in times of surprise emergency

Why would I invest in bonds if I can get more bitcoin?
My parents used to have some money invested in a bond tracking ETF and that thing was barely making them 10% a year, but then you had to pay taxes... You were maybe left with 8% in a good economy, but that wasn't guaranteed since there were bad years where it would only made 5% and that's with 4% inflation...
I was the first person in my family to get bitcoin back in 2014 and it literally outperformed the whole lifetime of my parents in 10 years. Both of them together did not save up as much in 50 years of full time employment as I did by holding bitcoin.

silicon valley bank invested in bonds........... and its gone

While bonds are really one way to increase the value of your money. Check the ROI if it's enough to cover the yearly inflation because if the percentage or rate of the bonds isn't that much, it's just best for you to take more risk and invest in the crypto market which is done by many. And as you can see, many are happy this time and it's now more than the inflation rate that we're having to tackle. For the traditional investors, as long as you're able to deal with it and you're not sleeping your money in the banks. All you need to do is to put that in investments that there's a potential growth.

At least 5%-10% annually is good enough. Banks will give you 1%-5% of APY and that's not going to be enough as there will be taxes after that. So, in short, you are still not able to defeat inflation as the purchasing power of your money have increased but it's in a bit. Hedge your money against inflation and either use it on your businesses too if you've got enough investments. Although don't forget to save money still but the purpose of that is to be used as your emergency fund that you can easily liquidate in the times of dire need and this is a common thing for most folks globally.

If your intention is just to preserve the value of your holdings then investing on the bonds or even digital gold is the right option but when are talking about investment it does give more returns but at the same time it adds the risk of losing your capital value so only who wants to press that pedal should go for investment or else they should stick with savings but not in anything that is affected by inflation.

When you are holding anything you consider of value;  fiat, Bitcoin, gold, cars, silver spoons etc. you are already investing in something that has a value which goes up and down. And during inflation, fiat is the investment which loses value. So obviously it is smart to come prepared and know what else you can invest your fiat into.

Or you can diversify and not have to worry about one thing. But as a rule of thumb, you should expect most of your investments to go down during inflation. There is no need to fear it. It has happened and will happen again. But that does not mean it will last forever.

Saving in fiat is always a mistake and no one becomes rich because of saving as the amount you save will be depreciating as inflation is on rise and the interest you get from bank cannot catch up with the inflation, there are people who invest into sovereign gold bonds, stocks and mutual funds I think they are better because SBG is same as gold and stocks and mutual funds do provide decent appreciation if you plan them well but Bitcoin outshines them all but still old fellows will be more inclined towards traditionally investment methods. I would say we can have win-win situation by diversifying the portfolio between stocks, mutual funds and Bitcoin.

This is true and if you do not want to invest and you want to save then save in a currency or save your household income in something that domestic inflation cannot affect. Do you want to save money in banks or save money your piggy vest just know that that money will lose value with time and although it's a good thing that you are doing saving money you are doing it the wrong way and wasting your time. If you don't like to think of it as investing in Bitcoin because you do not see yourself as someone who has enough money for investment yet, then think of it as you are saving your household money in bitcoins.

You can always divert your funds into other investments such as real-estate or gold jewelry or other precious metals. Because the money in the bank is just like for safe-keeping purposes. You can't expect any significant interest that will come out of your funds if it is in your bank account, unless you avail the time deposit or other financial services offering higher interest rate.

Inflation hurts a household's savings. For example, during inflation, the price of every commodity increases but in contemporary times the amount of income of the individual remains constant. So after meeting the family expenses of the person with a fixed or limited income, the savings become very low which hampers the normal life. In such a situation, one has to suffer from many shortages or hardships. So one of the things to do is to invest your savings. But of course not in any bank it must be done in BTC. Because from here we will get a high rate of profit or can be invested in precious metals like gold and silver. So that we can get rid of inflation.

Well, this is not exactly like that. What usually happens is that when inflation rises it affects households but over time salaries also end up rising, what happens is that they usually do so later than inflation.


Yes, but investing your savings has to be after having an emergency fund saved and setting aside money for any expenses you have to make in the short term, let's say in less than a year. From there it is worth investing what we save.

Thanks for the suggestion! I'd like to add my thoughts. Regarding household savings, I believe a 6-month emergency fund is sufficient, with the remaining funds used for diversified investments. This could include options like crypto, real estate, foreign currency, or bonds, as you mentioned. Diversification is key to mitigate inflation's impact and ensure there's a safety net even if unforeseen circumstances arise

Inflation generally adversely impacts household savings. Inflation diminishes the value of savings overtime as the general price level increases the purchasing power of money reduces. It affects fixed income individuals such as those living on pensions. If their income does not increase to be able to cope with the increase in cost of living. The purchasing power of their income declines overtime. Generally inflation discourages long term savings. due to the devaluation of the money as people may save money for future purposes such as building a house or buying a car.

The effect of inflation is in the midst of everything. The value of money of those who kept money in the bank has only started to decrease. Now it is better to invest money in land and gold to protect the value of money.  The value of that money will only decrease due to inflation. Business is about profit and loss, so before investing in any business, you have to think about profit and loss.  It would be foolish to refrain from investing in a business thinking that it will make a loss.

There is also the psychological consequence that Inflation can have on household saving and those involved. When you are saving and then not seeing the benefit of your savings, it can be discouraging. Inflation makes the effort put into trying to save look futile and then it discourages the habit of saving in the person saving and in any other person that knows that you saving. This is another unspoken effect of inflation on household saving.  If you are someone who saves money and you have results as people see benefits from your savings, other people will be inspired to save money as you do but when you save money and then they know that there is no result to show for it is, it becomes discouraging to us psychologically and to any other person who knows that you are very consistent with saving. What is the use continuing to save money that cannot save you?

Keeping savings in fiat that's suffering from serious inflation can indeed lead to significant loss of purchasing power. Apart from investing in something, there are other things one can do in this situation. One is to simply exchange local fiat for a much more stable fiat currency (like the USD) and keep the savings. Another is to spend the savings, or at least a part of them. This way, you can buy some important and useful stuff, while also doing your part of stimulating the economy, as you spending money means keeping the money in the flow because someone else then gets that money as salary and spends it once again elsewhere.

Holding or saving your Fiat in your bank isn't really great idea at all due to inflation, the price that you would save now would decrease over time due to inflation.
The amount of things you could buy with your money right now would be different in the future, for example something that cost $1 right now could be $2 or more in the future.
So for those who are planning to just let their money sleep in their bank or continue to hold it, why not try to invest it to let your money earn for you while you let it sleep.

Most people know that once you put money in the bank, you have no control over the money you entrusted to them because you have already given them the right. That's the truth; if we look at it literally, they have the power over the money you put in the bank.

This is the truth: if, at any moment, you entrust your money to them, they will think badly of the money you put in if you put in a large amount. You trusted them with your money, and then you became bad at banks. Did you see the unfairness of the bank?

Like you have already pointed out, the most obvious impact of inflation is loss of buying power by a currency,  meaning we need twice the money to buy a single product.

Then other impacts a country will see is a slow down in the economy, which translates into less production of goods and services as the cost of doing business goes high..translating into expensive household goods as the consumer is the end user .

Inflation could also make home grown products expensive thereby encouraging importing of goods which could be a cheaper alternative of household goods.

You just kills your desires and limit yourself to absolute needs to save some money in case of need.
But the inflation specially on the housing and healtcare is so huge that you can't expect to get a house for your family in your lifetime and your family is destroyed if anyone gets a serious illness. Most people are barely surviving on their salaries.
As a result people are being carefree, saving less and not rearing child. The rate of childbirth had been lowest in history and our generation might be the largest part of the pyramid even when it moves up.
That means the whole of our economy needs to be adjusted for accommodating larger old dependent population.

all the more for those old people today who have the 401k and receive pension funds every month, they are also among the ones who are now affected by inflation. when money is lost purchasing power, everyone is affected and there is no escape for the new graduates even looking for jobs because companies are laying off and even shutting down.

eating less is mostly what people do this time, there will be hunger and i'm not gonna be surprised if the doves gathering in the parks are going to be grilled sooner for consumption.

Inflation has many effects on all people in a country, with inflation having the greatest effect on low-income people. My parents rely on their pension to cover all their expenses now, but with the effects of inflation reducing the purchasing power of money, it is becoming difficult to cover their expenses. And the savings that they have in the bank, the purchasing power of that money is also decreasing but they are not willing to take risk as a result of which they do not want to go for any investment thinking about future security. Because there is a lot of risk in investment so they don't want to take risk and want to live a comfortable life.

But we must think of using our money properly investing in bitcoin, gold, because inflation will continue to increase so it will be the right decision to invest in the right place instead of savings in the bank to secure the future.

If you just want to protect and protect the wealth you have, then you can save it in the form of gold. Because gold is able to maintain its value in the long term. However, if you not only want to maintain and protect your wealth, but you also want to increase your wealth, then investment is the solution, and bitcoin investment is one solution, because bitcoin provides quite an attractive offer to increase your wealth, but this must be do it wisely and as well as possible, and really understand it. because even though Bitcoin provides quite high opportunities, the risk of experiencing losses will still exist.

and it would be great if you could do both, save in gold and invest through bitcoin. Where this needs to be done so that the investment made is maintained, because when someone is faced with an urgent situation, this tends to make the individual short-minded, where the individual will withdraw their investment even though the value is decreasing, which of course this will give rise to a financial loss.
Saving in the form of gold is the right choice, because apart from its value which tends to be stable, gold is also very easy to buy and sell, so that when you are faced with an urgent situation you don't need to worry anymore, because you can sell the gold you have at any time.

The clearest feeling I see is a significant reduction in life expenses, the cost of living increases but the salary does not increase at the same time. Perhaps I am still quite lucky to still have a job with a stable income, but the effects of inflation cause a lot of plans to be disturbed.

Even investing in the crypto market has some difficulties. I know about the opportunity to make a profit in the market but my accumulated capital is quite limited because there are still many constraints in life. It's great that the market has been changing very positively recently, helping the investment process a lot. I've been accumulating bitcoin every month since the period when bitcoin was at a price of $30000 until now still intending to take some profits and wait for the adjustment to accumulate more altcoins.

Since inflation causes the decrease on the purchasing power of our savings, there are two ways to deal with it, one of those ways is to not have any savings at all, something the majority of the people do, but the issue with that strategy is that even the smallest setback can cause tremendous harm to you and your family, the second way to deal with this is to save a small amount of money, like a few months worth of your salary, and invest the rest, this is way better in my opinion as if you make the right call then not only your capital will grow, but you will be able to deal with most emergencies as well.

basically money will continue to lose value because the amount will continue to increase. Anyone who understands economics should already know this.
and then people will think about putting their money somewhere that will make their money stay the same or even increase.
This will always happen all the time, but not everyone really knows about it.

If we don't have any savings at all, of course it will be even more difficult when facing inflation because all sources of needs have increased and we cannot meet the needs we need. Of course this will make it very difficult for us to meet our needs and I agree with your method. overcome by having a small amount of savings from our current income and investing to prepare for inflation situations and can also help with emergency needs that we might need without knowing exactly when this will happen.

agreed with this some people don't have idea that their saving are decreasing in value as the time goes, they just saving some of the money let it be and find out that the thing they sought after are increasing in price, they think its natural because all the thing is increasing as well but if they have invested at least deposited it to some means that give them at the very least few percent APY then it could spare them from the increasing price since their money gonna grow.

this is honestly an education that should be primarily taught in college or high school for real so many people actually have no idea until they went through some basic knowledge in regard of economy only then they realize.
if anyone want to save money they should save it in form of gold and i don't mean jewelry gold, but literal gold with certificate approved by reputable institution only then it will retain its value.

Bonds are an alternative funding other than bank loans, the issuer uses these funds to develop their business or something that can provide a profit for them. The profits obtained from bonds are also relatively stable compared to other investment instruments or are only able to stem wealth from inflation. Unexpected risks from bond investment also need to be considered, such as the issuer being unable to pay and repay the interest to the bond owner due to business development being hampered or even failing along the way.

Investing in bonds is not the best advice for me, I have carefully considered all the worst possibilities of investing in bonds. I agree more if you give Bitcoin investment advice rather than bond investment. Bitcoin investment can also be done regularly using the DCA method.

It is not right to keep a currency that has lost value. It is necessary to invest to regain the lost value or not to lose it at all. There are many ways to invest. In my country, they generally invest in precious metals and try to fight inflation in this way.

I agree with what you said about education because many people don't know that their money loses value. By the time they realize it, it's too late. This education should be given to everyone and these people should be made economically conscious.

For me personally, we were doing fine maybe a year or so ago, everything looked fine, I was even making less money, thanks to my boss I am making a little bit more these days and I am very grateful. However, due to insanely high inflation at my country, it ended up being so high that I can't even pay for my debt let alone live with it. So for the time being, I make a debt every single month, that includes savings as well because there is no way that I can recover these days, so I might as well buy some bitcoin and pay less debt.

In the end, I am aware that it will pass, there will be moment when my income will go over my expense, it always happens like that, sometimes income is higher and sometimes expense is higher, eventually it all balances out. We just need to wait it out.

I think this is already a common sense topic. Of course, the inflation rate will have a bad effect on household savings, especially if the cost of living keeps on increasing. Expect that a family will make a decision to use their savings and eventually not notice that their savings are gone. Stable one job is not enough in this current society. Everyone who aims to have a better life in these days should have to find a good and profitable side job or part-time job, and of course investment. If you aim to have a better life, then having the mindset of having an extra income is a must. Saving is not enough; save money if you have excess money, because what is the point of saving money if you will use it unwillingly eventually? It's common sense to instead try to invest in or have a business in which you are confident in order to have a better life.

Imagine just working for 10-15 years, and then suddenly a horrible high inflation happens and whatever you have saved until that moment becomes peanuts. This is what many people all around the world lived, in many countries. I have to say that people literally wasted their decades for this and got nothing in return and that's why it's so bad.

I believe that the best thing to do would be saving in bitcoin because of this exact reason, so that you wouldn't lose it all, would make no sense at all if people did that. I personally believe that the best thing to do would be never to get out of crypto in general, it would not give you anything good in return. I get why people want something more tangible, but it's just not a good idea.

Duh.

Where do you even begin to list all the negative effects that inflation brings to a common family, household savings-wise? I mean from the get-go you're literally getting blasted in the ass by high prices, which if you're not really paid handsomely in that 9-5 you're working your ass off you'd be forced to scrape every centimo you have on your savings account. Even worse, and this is especially evident in countries like America where they are basically trolled by their healthcare system, for instances where you need to get hospitalized (and yes, inflation still plays a part in this) you're forced to spend every single dollar you have on your name just to get that ambulance to fetch you, some even opt to book Uber for a ride to the hospital because it's astronomically cheaper than having to pay 500-1000 bucks for an ambulance ride alone.

Inflation also inadvertently makes a family's fiat savings worthless, as they make your general currency less valuable. If all your savings are on the dollar and you didn't have any other assets to protect yourself with you're donezo, you're going to sit at a million dollars' that's not even worth a million dollars, if you're catching my drift.

And we're barely scraping the tip of the inflation iceberg here, I could go on and on about every single effect inflation could inflict upon your savings', but one thing's for sure, if you don't take care of yourself, your money, or your valued assets, you're going to be eaten alive by the economy.

The biggest problem in this scenario is people's wages often do not keep up with the pace of inflation. If all the products and services around you are going up by 10%, but your employer is only bumping your pay by 3% then your earning power has decreased. If that happens 2-3 years in a row then it can have a large effect on your cost of living and spending power, which might turn into a large quality of life change. Thankfully in many countries we are starting to see the trend reversing and normalizing again.

Of course this is very disappointing for us because we have worked for so long and the savings we have have lost their value when we want to spend on something. This is a situation that we cannot predict and we have to face this and the impact caused by inflation is really very difficult. in managing income during inflation and the savings we have will decrease in value when inflation occurs.

Choosing to save and also invest some of the income we have in Bitcoin is really a good choice in maintaining the value of the assets we have in the face of inflation and some people who may not have the courage to invest their savings because they don't understand Bitcoin well, but for those who have can understand well how Bitcoin works, of course they will invest their savings and leave a little for emergency needs so they can carry out investments well.

The truth is that, inflation is not just good, even when you invest in bonds or capital market and when you get your return in investment, it will still be cut up by inflation. so the whole idea of allowing inflation to go on and thinking you can invest to beat inflation sometimes doesn't work well like that.

So the best solution is to tackle the inflation head on, first is to stabilize the economy and the monetary value of the currency. Inflation does not have a good part because it renders people savings hopeless, it increases cost of production and manufacturing, it increases transportation of goods and services and whole lot more. So for me government should help to bring policies that can stabilize the economy and make people savings worth it, because the act of saving is for you to have something for the rainy days and is an economic policy to survive and have more capital if you want to do business later.

I'll go with the second option. Save a little and invest the rest. I believe that is the wisest thing to do. It would be so bad if you had little money, at least in savings, so that if anything had to go wrong in the future, you would stretch your hands in there and settle the problem without having to risk your investment. Investments are for financial elevation, which is why it is essential to invest. Both investment and savings are necessary, which is why it is important not to put all eggs in one basket, they should be done alongside each other.

You would really be needing to be wise if you are really tend to fight off when it comes to inflation or something with that economic issues on which it would really be causing up for  you to suffer out
if you do tend or wish to consider on staying up on your casual method on earning. Its true that savings could really be having that kind of opportunity chances that you could be able to make use of that amount for you to be able to make out some investment so that you would really be able to make yourself having those different income streams on which it would be causing for you to have that kind of option.

When you do have a family then of course you would really be thinking up wisely on how you would really be doing on sustaining and supporting your family needs
on which this would be something that would really be so crucial i must say.

It is a very big mistake if a person uses all their savings for investment purposes because as you said, savings are not supposed to be used for investments because emergencies can come at any point in life, and when that happens, one would need funds for the emergencies, and in such situations, one wouldn't be able to withdraw their funds from the investments they've made which is why it is important to have savings.
If one can afford this, they should have two funds, one should be their savings and the other should be for investment purposes, so that when they invest their investment funds, they would still have their savings intact and in emergencies, they can use those savings.

Some people have allocated their household saving as emergency fund and scared for using as investment assets, has each allocated as emergency fund or savings assets and some allocated for investment assets. Most of consequence getting when put our money in saving assets and hold it the bank account without increasing the values and must get risk how inflation drop year by year.
I don't think difficult problem with withdrawing investment assets when any emergency needed, saving fund easily for withdrawing but the same with investment fund exactly hold it in cryptocurrency you can sell when do you want without waiting longer time.
Change bad habit with saving money in the bank and move it as investment assets indeed the right opportunity increasing much profitable than have take risk with inflation values when saving in the bank.

I don’t think any profit that will come from bond investment or any type of investment that involves third parties is not advisable because there is no financial freedom.
Bitcoin and crypto investment will give you more profit and financial freedom than any offer from government.
Our money in our bank accounts are constantly loosing their values de to inflation, and some taxes and charges from commercial banks, therefore, let’s leave banks and focus on either real estate investments or Bitcoin investments to save the value of our wealths.

So true. Many people do not realize the dangers of inflation in the long term, the loss of the value of money stored in the bank, which ultimately results in the time spent working such long hours being wasted. Usually people like this lack education about finance or they already know about it but are afraid to take risks because of course investing has a higher risk than putting money in the bank.

In fact, investment is very important not only to fight inflation but also to make the future better because investment will create financial freedom later. There are many investment options to fight inflation, starting from gold, but the one that has the most potential to create financial freedom is investing in bitcoin. Inflation of course not only impacts a country but also households, so it is important to prepare by looking for additional work and investment.

People do realize that prices seem to go higher all the time, they remember the days in which they could pay a specific price for a product and now they see that product is many times more expensive, what they do not know are the reasons this happens and what to do about it, if they knew I would guess many more people will take proactive steps to protect their wealth, but since they do not, they just accept inflation as an inescapable fact of life, not realizing the huge mistake this really is.

Of course, savings that have been saved for a long time and when they are used in an inflationary situation will no longer have any value, so what you have been saving for a long time could be wasted.
Everyone will be afraid of their savings. That's why the wise ones usually don't just save in savings, but in other investments such as property, gold and currently the trend is, of course, bitcoin [crypto], because investment will actually increase compared to the savings made.
At least the investment made will not be worse than just saving when inflation occurs.

It is wise to pay attention to the direction of growth market expansion and situation at that moment. I think returns are everyone's goal to take home, but at least assess the risk first, whether low risk or medium if you want to invest, whether in crypto or anywhere else after withdrawing our assets from the bank which were previously prepared to be used to cover our various needs.

Well, for bonds I think they can be safer, because at that moment the interest rate was lowered by the central bank to deal with this pressure, but there is something you need to pay attention to, where there are often changes interest rates the implementation schedule. I think hat is a risk that can always happen. We as bond holders are also hit too in the end even though our initial intention was to increase the value of our investment.

You made some good points here but you should understand that investment also comes along with some kind of consistency because you can't just own an investment and abandon your investment and in the process of trying to build a solid investment, it will still require saving some amount of money in the bank till you get your desired capital to start up an investment because a lot of people doesn't just wake up overnight and start making investments because they also need adequate planning and fund raising so during this processes of accumulating funds in other to own up an investment still require storing money in the bank so inflation or no inflation, we can't completely run away from the bank.

Inflation will definitely occur every year, so saving in the bank is not a good solution because it will definitely lose value. Indeed, we need savings, but this is only for emergency funds and daily needs. It would be better if we had savings and investments to create financial freedom.
My parents never saved in the bank, they preferred to invest by buying land and gold, so they could pass it on to their children. And I also want to apply it like my parents did, but the difference is that I want to increase my investment in Bitcoin so that this asset can be passed on to my children in the future. Because for me, investment in any case is very important because with investment we can fight inflation.

Saving money and keeping it in the bank is definitely an unprofitable activity. This is because the value of your money gradually decreases over time, which can be understood after saving money for a long time And due to this inflation, individuals face losses. So it is more important to invest money somewhere better than to save it. If you can invest your money in good places then you are most likely to get profit from this money over a period of time. Maybe you can invest your money in Bitcoin if you want. As a result, you can earn maximum profit without any effort. You can see all the past graphs of Bitcoin if you want. By analyzing Bitcoin and investing at the right time, you can maximize your profit. Also if you want you can buy a good place with your money. Through this you can also utilize your savings properly.

I don’t really see any future with bond investments, I am afraid. Yes it’s less risky and more stable but I believe more risk equates to more profit and I do want more profit. I am trying to grow my money for the future so bitcoin is the choice for me. Not stocks and most definitely not bonds.

Not a bad plan but one that many people will find impossible to put in action, this is because even if what you say makes sense, for what I can tell most people do not want to learn about how the markets work and take the responsibility of investing their money, and with good reason as most of them will lose it all or they will give their money to scammers, so in a way the average person is trapped, they are saving fiat which they know losses value every day, but at the same time they cannot invest that money out of the fear of losing it.

Apart from having to buy food items and other household supplies at a more expensive rate, trying to save or invest in a business might be difficult and if the household does save little in the bank, it is sure not to yield any profit but incur charges and deductions from the saved up money.

The best way a household can save despite the inflation and its negative effects, is to buy BTC after dividing the household income to include a portion to save in a bank or some in some place of safety and another for DCAing for future investment.

Inflation hits harder than the present world. Investment is important and have scrapped out the surfaces of inflation temporarily, especially working smoothly for those that have mainly build themselves to become independent, disciplined and watchful for the nearest future. Investment have soared higher than the presentable outcome in question, not everyone can be opportune to know about the system except those close and sharing stronger bonds within each other. Savings doesn't count because there's possibly high inflation in the country and devalue our initial savings.

Bond investments are more risky as stocks and bonds are linked to inflation in the country. Also generally not everyone can buy all bonds. Before the issue of bonds the issuing company or company itself decides to whom they will sell the bonds. Accordingly the approval of the bond is taken from the concerned regulatory body crypto investments are better than bonds. There is no impact here. Bitcoin investments are safer than bonds.

Saving is not bad. What is bad is saving in the wrong place. The best way to save is when you save your money in a place that generates some percentage of that money every day. In some cases, you can call it investing your savings. By now, i know we understand that just keeping money in the bank is useless. The funny part is that these local banks use the money in the bank to do a lot of business and invest. Why don't you, the owner of this money, use it for your own good? After all, there are mini-businesses or upcoming businesses one can invest in to help the business grow and collect shares.

There is some investment that doesn't lose rather it keeps appreciating over the time let say investment to connected with real estate or landed properties, this types of investment never keep you on a lost rather increased your profitability.
Investments that concerns owning a business well the risk factor is equal you can make 100 percent profits and lost 100 percent of your profits why because the risk can never be determined so, while doing your research on the types of investment you should do then you have to think smart and quickly to know the kind of investment you should venture on.

https://www.talkimg.com/images/2024/03/17/JFyRa.jpeg
source: investopedia

This image is a clear example of why you should not save money (it doesn’t matter if you save it in the bank or at home). If you want to save money, let it be an emergency fund. Asides that, it’s smart to have your money invested. Look at how you have to keep doubling your money to buy coffee as time goes on. But then look at it from the other angle of being the coffee company. You can see how they are the ones enjoying because they got established long ago and will continue increasing their coffee price according to inflation while people have to work more to purchase it.

I think if you compare stock investment with bitcoin investment, for those who understand and understand clearly, bitcoin will be the main investment. But we cannot ignore the expertise of someone who is already familiar with stocks, so he will say that stocks are better. I and you already understand and know that Bitcoin is the best investment at the moment, and it cannot be denied, but maybe those who are experts in other fields, if they understand, will also say the same thing. This is just because someone doesn't know, so there are different choices about investment.

Every day, inflation devalues your money.  Think saving is safe? It's pouring faster than you blink. The "implicit tax" is a quiet robber that steals your savings and reduces their purchasing power

As if that's easy, invest in bonds or the capital market. While profit-seeking is appealing, let's not ignore the risks. They could be financially devastating and cause sleeplessness. Not all financial issues can be solved by investing. It requires informed decision-making with the knowledge that success is not guaranteed

The great finale: buy bonds because Central Banks will slash rates if inflation declines. The market has a way of making even the most confident predictions look foolish. The play's what? Jump into investing with eyes wide open, aware of the threats but ready to take them? Or rely on dwindling savings accounts? Your option, but in this economy, every choice is risky

Apart from that, I am sure that all of us here must have free line work outside of normal and profitable activities. Of course, when we have more funds, we sometimes forget to save the funds, some of which are for precautionary funds and we put all of them into the market for trading. Well, if market conditions are like this, it usually goes awry because the decline occurs beyond our expectations and the saddest thing is that we have to leave when there is an urgent need at home.

It's true, imagine what you could have done with your currently salary but five years ago? If I made this salary 5 years ago, I would have been so rich that I would be able to buy a car every one year, just from my savings. Obviously I live in a high inflation nation, and not like some Swiss person who doesn't feel it too much.

I think this is why we should consider that savings in fiat is not a smart move, this is why I keep my money in bitcoin, it makes it a lot better. I get that it is not that simple and we are going to feel some pain eventually if we are not careful, but if we could make it work then we are going to benefit from it eventually. Life will always be tough and we are going to need help if we do not consider inflation.

This should be made clear if you are saving to invest or saving for emergencies, then the effect of inflation on saving for emergencies will be less because it is not something you will have for ever because you use the money most times but if the money is then for investment, then inflation will hit it so hard that it might not even be enough for you to even invest it again because you can not really predict the price of whatever commodity you want to invest in that particular time.

and if your money loses its value, then your aim has been defeated. and that is why they always give suggestions for investing in bitcoin and over time, if you make a profit, you can always bail out and go for your initial plan. and the way bitcoin is trending, and they are asking people to invest If you do not invest now, it will come to a time when it will be more difficult for you to invest. It is better to make a choice now and invest, except if funds are stopping you, then you can invest later.

One of the most common mistake to have is that on the time that you do become that confident when it comes into your financial status and have been able to forget about having some savings then sooner or later
you would really be able to see the importance of it but of course not all the money you would really be needing to save it up because it would really be wise that you should really investing or having a business
then you would really be able to make yourself having no problems when it comes to savings since you could really be able to sustain and having the money if ever there would really be some emergencies.

When it comes to inflation then this is something inevitable and it would really be just that normal with these economic problems and this is why it would be
that better that you should really be wise when it comes to this manner so that you would really be able to save up your ass with this economic problems.
Increasing goods and products in prices and services would be inevitable, this is why the only way you could fight it is to have more income so that you could be able to patch it up.

right if inflation will high then it will effect on our saving in the bank, securities exchange and other markets. just i keep saving some portion of my assets otherwise i mostly invested in cryptocurrencies, i know it's high risky to save money in the bank, profits is also big. still i can't buy gold but i am interested.

The major reason behind this is that those who have money will never realize that everything is getting expensive until they spend all their money without planning. So this fact can be felt by poor people only because they know the value of money better and they know that how difficult is to fulfil the needs and eat well in such situations of inflation.

People often spend more and more but when they needs some money for necessary work then they does not posses such amount for managing that thing therefore one should realize and should teach his children also that saving and investment has greater importance in their life to handle an expenses during the condition where you needs money.

  Depends on the type of bank you use and the type of the saving account. In some of them there would not be any effect since a characteristic of the saving account would be the adjustment with the inflation rate. But in some of them , the real value of your money would decrease. Imagine having money that will gradually lose its value unless you actively invest it in a business. If you work an 8 hour job you probably don't have time or the ability to start a successful business, and therefore have a huge incentive to consume and buy goods immediately, so that your money doesn't lose its purchasing power. The biggest problem is that if you expect prices to go up rapidly you just buy commodities. Certainly no one would buy a bond or lend money since the principal would be wiped out in purchasing power by inflation.
  A small amount of inflation is actually necessary for economic growth. At zero inflation, money sitting in an account can be more valuable than taking an economic risk. That reduces investment. The flip side of inflation is interest, which is the inducement to invest. When the economy is not running at capacity, meaning there is unused labor or resources, inflation theoretically helps increase production. More dollars translates to more spending, which equates to more aggregated demand. More demand, in turn, triggers more production to meet that demand.

How can you say that it is less risky if you don't see a future with it? I think a Bond is also like a Crypto, I mean there are also different types of Bonds under that term and pretty sure there will always be a Bond who are worthy to pick up and use for investment. If we have an interest with them, we can study them, and that removes our fears but if not, it's fine to stick with the ones that you like.

No one is forced here anyway. More risks doesn't always equates to more profit and wanting more profit may sound a bit off. You need to stay realistic so that you won't be in danger. BTC is highly volatile but the good thing about it is that its price can recover and makes sure its growth are more than what it lost. No wonder why people like you are not afraid to invest on it for the long term.

Bonds offer decent investment opportunities, but they are not risk free and are quite expensive at the moment due to the high interest rates. High inflation usually means high interest rates at the same time and let's investors look for new investment opportunities to get better returns. Investing in corporate bonds offers the highest returns, especially the junk debt pays high coupons, but they also have the highest chance of defaults and losing our money.
I don't think people get poor from saving money, they might not become rich, but at least they shouldn't be worse off. For me saving is the first step of taking money out of my monthly income and protect it from not spending it during the month. Once the money is out of my main bank account that I use to pay bills and any other purchases, I will look where to invest that money. Some form of cash like saving is important so can cover any emergency. In case all our money is invested we could be forced to sell at unfavorable prices to cover our financial needs. Crypto currencies are a great form of investment that should be part of any portfolio. Taking profits in a portfolio is fine too, the question is then what will we do with the money. Investing is definitely the best option for what we can do with our money, it's going to lead to the highest long term returns. The issue with invested money is that short term price fluctuations can send the price down and lead to loss if we are forced to sell. Which is why I think that everybody should have at least some savings to cover emergencies to not be forced to sell at unfavorable times.

Saving will always be affected negatively when their is inflation, their is no way that savings wont be affected . In time of inflation savings can't help  because the price of everything will be very high. What people needs to survive in the time of inflation is investment,  that is why while saving investment needs to be considered because when their is inflation the money made from every investments adds more value.

In this present inflation that we are facing every commodities  investment are adding value while the money that is kept in the bank is loosing value on a daily basis.

Investment is always a way  to make money more valuable,  savings can never make money to add value instead while saving money depreciates

Maybe what he meant by that is he doesn't see any future for him when he does bond investment. Considering that this as a less risky investment compared to Bitcoin which we all know the possibility of losing a lot of money in a short period of time due to its volatility. Aside from that, as he sees no future in investing in it, that's maybe because he feels having a quicker profit when he invests in Bitcoin than bonds or stocks.

It is because of this that those that are wealthy are often asset rich but cash poor, meaning they have very little money on hand because all of their money has been used to buy real estate, companies, stocks, gold, art or bitcoin, and since that is what those people are doing then we need to imitate them according to our possibilities, and without a doubt investing some of that money in bitcoin is a good choice, since not only it can protect you against inflation, it can also help you to beat it.

Of a truth, I don't know how this rich dudes actually strategies themselves, I know of some very rich people and you don't actually see them with cash or see huge money left in their account, most at times I see them take loans and wonder despite how rich they are, why they still prefer taking loan something that an average man would do that is what they intend doing. It's already clear that all what they do with their money is investment of different kinds, now we have known about Bitcoin we can aswell add it to our investment scheme.

rich people can easily have access to money, they just use credit card for it with limit thats not average people gonna have and that for most of the time already settled their need of using cash to pay for something instead not to mention that they can just get cash from atm and then those rich people can easily use their money elsewhere instead so as to not disturb their cash flow.
rich people that i've meet always take advantage of that to grow their wealth at higher rate than most of people since they got access to capital rather quite easily.
at every opportunity they always eager to reinvest and even compound their investment further to boost the growth.
thats why some people when they declare their wealth they'd state minimal amount of cash because they don't really need it thats from my experience don't know if the other rich people differs in that though.

Saving money at home and keeping money in the bank will lose it's original value within a few years. So to me it seems like keeping the money at home or depositing it in the bank. It is very valuable to buy an asset with that money, because the value of the asset always increases relative to the money. Those who have deposited money in the bank or at home have realized that at some point in their life. That they have suffered and lost monetary value.

the effect on house hold savings is that, when there's inflation in the country purchasing becomes so high. when the of petrol or food stuff triple it seif, it makes banks savings become waste of time. because the money in the can't usually buy what you want any more, family man which  has been earning 50k with 4kids can no longer meet up because of the inflation, but if they invest there money in Bitcoin or any other financial institutions, they will be able meet the economy standard. these are the things that make many Nigeria citizens are complaining about the government of the day, these presents inflation in Nigeria right now makes me understand how investment is important than bank savings.and on the long run salaries remain stagnant and food stuff are rising day by day, how is such person cupping with the situation of the country.

Inflation indeed erodes the purchasing power of money over time. It diminishes the value of savings in bank accounts. The same amount of money buys fewer goods and services, thereby reducing the real value of savings. This phenomenon shows the challenge of relying solely on saving as a means of wealth preservation, especially during periods of inflationary pressure.

Turning to investment as a strategy to counteract the effects of inflation has the potential to generate returns that outpace inflation, thereby preserving and even enhancing the value of capital. Allocating funds towards assets that appreciate or generate income can mitigate the erosion of purchasing power caused by inflation and position themselves for long-term financial growth. Inflationary periods often coincide with increased demand for tangible assets, because investors seek refuge from the depreciating value of fiat currency. These investment avenues not only provide a hedge against inflation but also offer opportunities for capital appreciation and income generation.

You are right, inflation makes purchasing power of good reduces, cause when prices of commodities increases your purchasing power becomes less, however when it's reduced the purchasing power tends to skyrocket. That's why instead of saving my money in the bank, I'll rather invest on a business that yields daily profits, therefore I've automatically doubled my income and would also be able to withstand inflation cause I own a business that gives me high purchasing power.

 However I wonder why a man with a family made up of 4 kids settle for an income of 50k, well it depends on the country,  in my country that's too poor and it's not enough to cater for the whole family, cause how can he pay his rent , tuition fees of his kids and still maintain the feeding of his household, such person shouldn't settle for only that but rather be earning from different streams of income. In my country to maintain a family of 4 kids plus both parents one needs to be earning about 200- 300k and above in a month.

 For those salary earners in Nigeria depending on their salaries alone, my advise to them is too invest in Bitcoin if they got spare money or save up and start a daily income business cause depending on the peanut money coming from the government would not help them in this current economic situation. Moreover it's not even advisable for on to lay all their eggs in one basket.

Inflation on house hold saving is so bad that your savings is fast becoming valueless because the prices of goods and services in the market is always on the rise

In our household life, saving is indeed recommended, but if we take the wrong attitude then it can also make the value of our savings worthless, especially when saving in the bank, in the bank itself, inflation sometimes occurs which cannot be avoided, so that when there is an increase in the price of goods then interest rates have also decreased, so to avoid this, it is currently more suitable to invest in land, gold and also digital currency or crypto because it has been recognized by the world and is protected.

Saving of course doesn't make the money we have increase and even if inflation occurs the savings we have will reduce the value of those savings and I agree with what you say, it would be better for us to use the savings we have to buy assets that we can invest in. for the future, of course this will be a provision for us in the future and this will be more profitable than saving money in the bank which will lose value if inflation occurs.

Depends on the bonds, I'm not familiar with how the bonds goes in the US markets. But typically, the percentage of profit that comes from it really can at least defeat inflation.

But with that, if the percentage is just exactly with how much the inflation is then you've just defeated it but you didn't made some profit.

AFAIK with bonds, they're not really high in profit but they're good for low risk takers or it seems no risk at all since they're from the government.

As a Venezuelan who has lived in Venezuela most of my life, I can tell you that the effects of inflation, specially when it is not controlled and turns into hyperinflation are simply devastating to the household economy any average citizen of the country.
Though, I would like to be fair and point out that what happened here in this land was not normal and no serious country/administration would have allowed inflation to go way beyond 1000% anually.
People here resorted to all kind of assets, specially United States dollars and also gold/silver. Because of the bad geopolitical relationships we have with the rest of the west, people here so not have options to buy bonds from the United States and the bonds of this country are paid in local currency, which has become pretty much devaluated since the beginning of the inflation nightmare.

Bonds and stocks are only an option for people who reside in the developed world, for us who live in the developing world, it is better to go with decentralized assets, such as Bitcoin. It is a plus, since our crooked governments cannot seize our satoshis easily.

Inflation hit pretty hard at the middle class people than anyone, and this is being the major contributing to the economic value of a country still their salary doesn't get into the same rate as inflation which forces us to reduce the consumption or work more hours to meet the same needs that we usually have. If the inflation rate is not under control then more people will struggle as above that results into domino effect and worsen the economic situation of the country further that is why it's important to keep the inflation rate under control to have stable economy.

  Most of those who are wealthy today had either help with a loan from their parent(s), had a home or some wealth passed down to them from their parents, or had a great skill (one they built up then sold). Most of those having made money have done it thru real estate investment (which includes flipping properties, while putting others in debt), or have “bought low and sold high” and that includes retail. Others stayed wealthy by using tax loopholes, and company owners to buy their own stock. Once a millionaire they are able to depend on friends to bring them out of any hole they get into. They pat each other on the back so are always making money (even when they aren’t trying) thru the benefits they offer each other. It’s hard to explain but once you get up there it’s easy to stay wealthy.
  Taking advantage of inflation leads to more inflation, and crashes the whole economy. When people think individually, they tend to buy more, and more sooner rather than later (to take advantage of inflation) which leads to prices going up, as people lose more confidence in the currency, thus leading to hyperinflation, which is a disaster to all people, and might lead to civil disorder. Hyperinflation is usually closely followed by complete societal breakdown. Hyperinflation in the 1920s German Weimar Republic led to the rise of Nazi-ism and Adolf Hitler. So yeah, in this case, excessive inflation is "bad" for everyone.

In my opinion, the impact of inflation on household savings could be negative if the increase in goods on the market is uncontrolled, thereby reducing purchasing power. However, inflation can have various impacts on society, both positive and negative, depending on a number of factors including the level of inflation and the industrial sector.

The negative impact of inflation affects every aspect of life, not only in keeping money at home or saving, but also in day-to-day shopping. Whether it is keeping money in a bank or keeping money at home, the value of money decreases gradually due to inflation.

When you save money somewhere, you do it with a purpose. But when inflation occurs, the prices of all goods rise, which is why saving for a long period of time has both pros and cons. So my suggestion is that if you have money to do homework, you can start homework, not finish it but still do as much as you can.

Inflation can affects the majority of our savings and budgeting skills because the amount that we need to spend to buy our needs in life is changing. It is difficult to suddenly change the price of products and services especially if there is no increase in wages, what is happening now is that all values ​​are increasing but there is no increase in wages, how can people save if all income goes to expenses? Imagine those people who's always in their survival mode because of the inflation.

Associated with the reserves of every country are the first class functionaries of that country, who are only associated with printing money, those who print money never think about the citizens. They only want to please the government of the country, never thinking that they harm the country at the same time.

Yes, that's right, as you said, if inflation occurs then the impact will be very dangerous for us as a society, of course on welfare, especially for those of us with low incomes, we will have difficulty buying market goods for family needs, and it will also have an impact on traders because of the decline in people's purchasing power to meet family needs, and this will also have an impact on the country in developing a good economy, with inflation occurring the economy will be hampered.
So the impact of inflation will be fatal if this is implemented in a country whose economy is not yet good.

Having a small income will of course make it very difficult to deal with inflation and this will of course have a big impact on economic development in a region and what people can do is have to work harder to be able to meet their basic needs because if they only rely on a small income when it happens Of course we have to be able to restrain inflation because we are unable to meet the basic needs we need.

Households feel this even more when there is a slightest upheaval in the economies of countries. The impact of this situation is especially greater in underdeveloped countries. It is not easy to eliminate this negative effect. The breadwinner of the household needs to work more or find additional resources. If these resources are not found, they will be negatively affected by the effects of inflation.

One of the biggest problems of today's economies is that the efforts of states against inflation fail to achieve results.

The bank interest rates are dependent on inflation.  If inflation is high, the banks discourage you to spend money by raising the interest rates.  You will be discouraged to make a loan but will be encouraged to put your money in the bank and will not be spend by you.  By this, money in circulation will become lower and will also lower inflation.

Many countries have failed or gone bankrupt due to not being able to overcome the impact of inflation, causing their people to fall into poverty and there are even several countries where people have experienced prolonged hunger. Therefore, no country wants to experience inflation because it could have fatal consequences.