arufox
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May 16, 2024, 04:26:25 PM |
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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.
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Nothingtodo
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May 18, 2024, 11:46:41 AM |
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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.
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Roggeredek
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May 18, 2024, 12:10:44 PM |
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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.
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.
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angrybirdy
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May 18, 2024, 02:03:13 PM |
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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.
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.
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Roggeredek
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May 19, 2024, 05:21:46 AM |
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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.
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.
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iamsange
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May 19, 2024, 07:10:54 AM |
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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.
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.
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boty
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May 19, 2024, 11:05:28 AM |
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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.
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.
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eightdots
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May 19, 2024, 11:32:29 AM |
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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.
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.
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nngella
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May 24, 2024, 04:37:03 PM |
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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.
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arufox
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Next Generation Web3 Casino
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May 27, 2024, 03:21:08 PM |
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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.
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. 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.
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