Inflation is making a mess of my savings.

[Spaceman1000$]

Inflation is really biting hard, and nobody is doing anything about it, should we all just go with what Tupac said, "that's just the way it is, things will never be the same".
A lot of person's have ascribed this global inflation to the crisis Rocking Ukraine and Russia,  a lot of person's have also said it's as a result of shortage of gas supply across Europe and other countries.
The whole story is not just clear, as to why inflation is biting so hard and IMF AND WORLD BANK are not doing anything about it and the people are just left to face their fate alone.
The prices of goods and services are constantly going astronomical high and there is no hope insight of this ugly situation coming to a halt.

The purchasing powers of citizens are getting weak and I don't understand if the consumer protection laws are even effective anymore this days.
You buy something for a certain amount today, in the next one week, that same item you bought  has charged Prince without any reason.
How are you guys pulling it through with this inflation?

[1714650276]

1714650276

[1714650276]

1714650276

[The Sceptical Chymist]

I don't care what a long-dead rapper said:



Now tell me, how do you explain those headlines from this past Thursday?  Is the US government lying?  Is the media lying?  

Then again OP, since you put the $ sign after the number in your username I'm assuming you're not from the US, which is where this was published.  If that's the case, you could very well still be getting slammed by inflation--and though I don't expect you'll reveal where you live, I'd be curious to know.  From what I've seen at the grocery store in the past few weeks, prices haven't been rising as much as they were.  It was getting way out of hand for a while.  

I've got my fingers and toes crossed that this isn't some minor reprieve from inflation, but I'm realistic.  There's no way in hell the world could avoid an inflationary period with all the reckless monetary policies that were implemented during and before the COVID epidemic.  Cheers from me to you, wherever you are.

[Viscore]

Inflation is really biting hard, and nobody is doing anything about it, should we all just go with what Tupac said, "that's just the way it is, things will never be the same".
A lot of person's have ascribed this global inflation to the crisis Rocking Ukraine and Russia,  a lot of person's have also said it's as a result of shortage of gas supply across Europe and other countries.
The whole story is not just clear, as to why inflation is biting so hard and IMF AND WORLD BANK are not doing anything about it and the people are just left to face their fate alone.
The prices of goods and services are constantly going astronomical high and there is no hope insight of this ugly situation coming to a halt.

The purchasing powers of citizens are getting weak and I don't understand if the consumer protection laws are even effective anymore this days.
You buy something for a certain amount today, in the next one week, that same item you bought  has charged Prince without any reason.
How are you guys pulling it through with this inflation?

You are not alone mate. A lot of us are really struggling to cope up with this inflation. However, my only advice is that if you can get more job to support you, then do it now so you can also gain addition source of income. That way, you will never be affected that much because you still make your ends meet despite of the high prices of basic goods and necessities. Also, investing in bitcoin will do a lot of help in the future. So take some risk and put some minimal amount into bitcoin. Once your investment works, then inflation will never be that hard anymore.

[Casdinyard]

Inflation is really biting hard, and nobody is doing anything about it, should we all just go with what Tupac said, "that's just the way it is, things will never be the same".
A lot of person's have ascribed this global inflation to the crisis Rocking Ukraine and Russia,  a lot of person's have also said it's as a result of shortage of gas supply across Europe and other countries.
The whole story is not just clear, as to why inflation is biting so hard and IMF AND WORLD BANK are not doing anything about it and the people are just left to face their fate alone.
The prices of goods and services are constantly going astronomical high and there is no hope insight of this ugly situation coming to a halt.

The purchasing powers of citizens are getting weak and I don't understand if the consumer protection laws are even effective anymore this days.
You buy something for a certain amount today, in the next one week, that same item you bought  has charged Prince without any reason.
How are you guys pulling it through with this inflation?

I see where you're coming from, good thing for you cause you have savings to use when times get rough compared to most people out there raw-dogging life without any form of safety net against this dangerously expensive world. But no point in pointing fingers about who's got it worse cause in my opinion, we all share the same problem, we just feel it differently. Getting off to a tangent here but what I'm trying to say is that, what I did to help save myself from the underlying dangers that inflation would cause to my savings is well, save in other forms of assets. For instance, a lot of us here had put up their savings into cryptocurrencies and precious metals like gold and silver. I myself did that to avoid impermanent loss.

Some of us went all-in on investing and ditched the savings part to maximize profits (which I will not suggest unless you're a baller and you have enough money lying around to help you when times get rough). But all in all, it's more than enough sometimes that you're saving.

[Finestream]

Inflation is really biting hard, and nobody is doing anything about it, should we all just go with what Tupac said, "that's just the way it is, things will never be the same".
A lot of person's have ascribed this global inflation to the crisis Rocking Ukraine and Russia,  a lot of person's have also said it's as a result of shortage of gas supply across Europe and other countries.
The whole story is not just clear, as to why inflation is biting so hard and IMF AND WORLD BANK are not doing anything about it and the people are just left to face their fate alone.
The prices of goods and services are constantly going astronomical high and there is no hope insight of this ugly situation coming to a halt.

The purchasing powers of citizens are getting weak and I don't understand if the consumer protection laws are even effective anymore this days.
You buy something for a certain amount today, in the next one week, that same item you bought  has charged Prince without any reason.
How are you guys pulling it through with this inflation?

I should say inflation is here to stay. We can somehow reduced or minimize it but we can’t totally make it vanish in the thin air. So if you won’t do nothing about it, then you will forever be living your life struggling with your finances. That’s why bitcoin is here, not to completely free us from inflation, but to somehow deal inflation like it can’t totally affect our lives. With bitcoin, the price is not controlled by the government or any third party, so expect that it’s price will only depend on its supply and demand, and not because it will also surge high since everything around have turned very costly and expensive.

[letteredhub]

I don't care what a long-dead rapper said:



Now tell me, how do you explain those headlines from this past Thursday?  Is the US government lying?  Is the media lying?  

Then again OP, since you put the $ sign after the number in your username I'm assuming you're not from the US, which is where this was published.  If that's the case, you could very well still be getting slammed by inflation--and though I don't expect you'll reveal where you live, I'd be curious to know.  From what I've seen at the grocery store in the past few weeks, prices haven't been rising as much as they were.  It was getting way out of hand for a while.  .

The gravity of the inflation is something that's felt different depending on where you find yourself. For the advanced countries the effect of the inflation could be mild on them when compared to those of the third world or developing countries of the south pole.

Just like OP made mentioned of IMF and World bank coming to the aide of the world inflation crisis. But if I may ask, who almakes up this IMF? Where are they located? All answers leads to the West. If the American economy is doing great with prices of foodstuffs not rising anymore, different from what is currently in other parts of the world then for me it doesn't come as a surprise as the economic conditions ain't the same from what is obtained outside.

All I can say to OP is to diversify into other means of income that's the only route to beating this inflation mess. Plan and curtail your expenses. Luckily for you, you have idea of bitcoin so invest more on bitcoin with your savings rather than it laying dormant in one bank account with no annual profit at the end of the year. Don't put your hopes on IMF or the world bank...... No one is coming to save you but you.

[Vaskiy]

Countries were struggling out of inflation. In my country people doesn't want apples, but everyone are in need of tomatoes. In recent weeks the price of tomatoes have levelled the price of apple. How good is this, because tomatoes will be used regularly whereas very few prefer to take apple finding it to be expensive. This is how the inflation and surely the food inflation is at its peak and we can't just pass on limiting our spending for food. Governments need to take necessary measures, but they weren't able to do it and waiting to increase the productivity.

[Becassine]

Inflation is the theft of people's labor. Capital pays much more than labor now. You can work twice as much, inflation is there and your salary is no longer worth anything.

People have hardly saved to buy a house or other property, but when they have enough money for a bank loan, the prices have risen so much that they can no longer buy....

[Mahanton]

Inflation is really biting hard, and nobody is doing anything about it, should we all just go with what Tupac said, "that's just the way it is, things will never be the same".
A lot of person's have ascribed this global inflation to the crisis Rocking Ukraine and Russia,  a lot of person's have also said it's as a result of shortage of gas supply across Europe and other countries.
The whole story is not just clear, as to why inflation is biting so hard and IMF AND WORLD BANK are not doing anything about it and the people are just left to face their fate alone.
The prices of goods and services are constantly going astronomical high and there is no hope insight of this ugly situation coming to a halt.

The purchasing powers of citizens are getting weak and I don't understand if the consumer protection laws are even effective anymore this days.
You buy something for a certain amount today, in the next one week, that same item you bought  has charged Prince without any reason.
How are you guys pulling it through with this inflation?

Inflation is inevitable but we do know that it is neither would really be going upward but most of the time it is but there are news on some countries on which it do hit up some low numbers but eventually this wont really be
still that something that could really be think about because in the end of the rope the prices would really be still going upwards. Its true that there's really that consumers protection but we cant really tell that they are useless considering that control of market prices is really that their job and if ever the prices turns out to be higher then there's no stopping of it because it would really be basing up on the supply and demand things plus
on other factors on which it would really be that resulting into those price increase. Better not to make yourself that mindful about those things and it would be better if you do focus yourself on having more income
source so that despite of the worsening situation about inflation but since you could financially be able to sustain yourself because of other income source on which this is where you should really be focusing on into.

[tabas]

You can just accept the fact that inflation is one of the permanent things in the world. No matter how good an economy is, someday somewhere in the future it won't and that's when inflation will come in. It's a domino effect when we've seen the FED had printed a lot of money during the height of the covid-19 pandemic and that has affected a lot of markets and with the addition of the war and shortage of food and supply, it had all came up with this inflation. Well, David Hume has discovered inflation and if it wasn't discovered maybe we're all living in peace and harmony.

How are you guys pulling it through with this inflation?

Get more source of income and income generating assets.

[dothebeats]

Inflation really is a mess that’s ravaging a lot of financial security right now. Even though it’s not as hard as it was during the pandemic, it’s still something that’s still a pain to a lot of us. A lot of poor financial movements and planning from the governments really messed up a lot of the balance of things in the world. Unfortunately though, they wouldn’t take accountability to a lot of their actions and would rather pass the burden to us citizens than to admit that they did an oopsie. Wages aren’t improving, prices are still soaring, and none of us are really getting our quality of lives improved.

[aoluain]

Inflation is the theft of people's labor. Capital pays much more than labor now. You can work twice as much, inflation is there and your salary is no longer worth anything.

People have hardly saved to buy a house or other property, but when they have enough money for a bank loan, the prices have risen so much that they can no longer buy....

There are a number of ways to look at the current inflation related struggles for a lot
of people, working twice as hard or as long to earn moe money to bridge the gap
is one for sure.

Whats alao crippling a lot of people is the rising interest rates which central banks
impose in order to slow inflation, we are being hit on both sides.

I pity people who are looking at FIAT savings evaporating. Those who have moved some
of it into Bitcoin have done a wise move, even if its short term.

[o48o]

Inflation is really biting hard, and nobody is doing anything about it, should we all just go with what Tupac said, "that's just the way it is, things will never be the same".
A lot of person's have ascribed this global inflation to the crisis Rocking Ukraine and Russia,  a lot of person's have also said it's as a result of shortage of gas supply across Europe and other countries.
The whole story is not just clear, as to why inflation is biting so hard and IMF AND WORLD BANK are not doing anything about it and the people are just left to face their fate alone.
The prices of goods and services are constantly going astronomical high and there is no hope insight of this ugly situation coming to a halt.

The purchasing powers of citizens are getting weak and I don't understand if the consumer protection laws are even effective anymore this days.
You buy something for a certain amount today, in the next one week, that same item you bought  has charged Prince without any reason.
How are you guys pulling it through with this inflation?

What commodities, stocks exactly are you saving if inflation is taking such a big slice of it? I am hoping it's not fiat money, because that's pointless at this moment. This crisis isn't easy to fix and even suggesting there are easy solutions seems like pure populism to me. World is on fire and things will get a lot worse before they get better. You could try investing to gold. That's not going to make you a millionaire but it doesn't fall as fast as many other in crisis.

Electricity bills alone wiped my savings as i had a horrible contract but i've risen from worse and i can do it again.

[nesty]

Inflation is really biting hard, and nobody is doing anything about it, should we all just go with what Tupac said, "that's just the way it is, things will never be the same".
A lot of person's have ascribed this global inflation to the crisis Rocking Ukraine and Russia,  a lot of person's have also said it's as a result of shortage of gas supply across Europe and other countries.
The whole story is not just clear, as to why inflation is biting so hard and IMF AND WORLD BANK are not doing anything about it and the people are just left to face their fate alone.
The prices of goods and services are constantly going astronomical high and there is no hope insight of this ugly situation coming to a halt.

The purchasing powers of citizens are getting weak and I don't understand if the consumer protection laws are even effective anymore this days.
You buy something for a certain amount today, in the next one week, that same item you bought  has charged Prince without any reason.
How are you guys pulling it through with this inflation?

That it true that purchasing powers of citizens are getting weaker and weaker and even the governments are having a hard time to implement those consumer laws because they cannot even control the surge in prices of the goods and services. Even the salary of the people who have a regular employment is suffering because the prices goes up but the salary is not increasing, it decreases the purchasing capacity of the people to buy their basic needs to sustain their daily needs. To be able to sustain the daily needs we should decrease our budget and buy only the important ones and try to find other source of income so that we could survive in times of inflation.

[Zlantann]

Inflation is really biting hard, and nobody is doing anything about it, should we all just go with what Tupac said, "that's just the way it is, things will never be the same".
A lot of person's have ascribed this global inflation to the crisis Rocking Ukraine and Russia,  a lot of person's have also said it's as a result of shortage of gas supply across Europe and other countries.
The whole story is not just clear, as to why inflation is biting so hard and IMF AND WORLD BANK are not doing anything about it and the people are just left to face their fate alone.
The prices of goods and services are constantly going astronomical high and there is no hope insight of this ugly situation coming to a halt.

The purchasing powers of citizens are getting weak and I don't understand if the consumer protection laws are even effective anymore this days.
You buy something for a certain amount today, in the next one week, that same item you bought  has charged Prince without any reason.
How are you guys pulling it through with this inflation?

The war in Ukraine affected the price of gas and grains at the early stage of the conflict. Gradually the world has overcome the oil and gas shortage. And the grain deal between Ukraine and Russia in Turkey stabilized the price of grains. If you rely on the World Bank and IMF to help you fight inflation, then you will be highly disappointed. These agencies want your country to keep going through financial problems so that your government can come and get oppressive loans with throat-cutting interests.

If you want to overcome inflation, these are my suggestions.
1. Don't save money in banks because it will gradually become worthless
2. Invest your savings is a profitable venture
3. Aquire a new skill and get a side job
4. If you can, start a business
5. Cut your expenses by avoiding wasteful expenses.

[Don Pedro Dinero]

If you have savings, what you have to do is invest them, which is how you beat inflation.

If you expect those who have caused inflation to come and solve the problem for you, you've got it bad. For these things, the best solution is to move your ass instead of complaining like you couldn't do anything about it

You buy something for a certain amount today, in the next one week, that same item you bought  has charged Prince without any reason.

Go to Argentina and you will see that the inflation you are experiencing is child's play.

How are you guys pulling it through with this inflation?

Earning more money. And investing.

[Qiubell5]

Inflation is generally very hard to overcome. The only way is to find income and side jobs to survive in these inflationary times. And saving is really hard nowadays. But I suggest that at least we have some spare money if there is an urgent situation so that the situation doesn't get worse.

[icalical]

Inflation is really biting hard, and nobody is doing anything about it, should we all just go with what Tupac said, "that's just the way it is, things will never be the same".
A lot of person's have ascribed this global inflation to the crisis Rocking Ukraine and Russia,  a lot of person's have also said it's as a result of shortage of gas supply across Europe and other countries.
The whole story is not just clear, as to why inflation is biting so hard and IMF AND WORLD BANK are not doing anything about it and the people are just left to face their fate alone.
The prices of goods and services are constantly going astronomical high and there is no hope insight of this ugly situation coming to a halt.

The purchasing powers of citizens are getting weak and I don't understand if the consumer protection laws are even effective anymore this days.
You buy something for a certain amount today, in the next one week, that same item you bought  has charged Prince without any reason.
How are you guys pulling it through with this inflation?

I don't know where were you came from, but from where I come from, the inflation is quiet low, from 2017 it always less than 4%, since I am not an expert in macro economy I can't validate nor knowing how is that number came from. But if we compared the price of some commodity like gold and petrol, their price has been up about 25% since 2019. So, I guess my money has 20% less value to bought some stuff.

[YUriy1991]

Inflation is really biting hard, and nobody is doing anything about it, should we all just go with what Tupac said, "that's just the way it is, things will never be the same".
A lot of person's have ascribed this global inflation to the crisis Rocking Ukraine and Russia,  a lot of person's have also said it's as a result of shortage of gas supply across Europe and other countries.
The whole story is not just clear, as to why inflation is biting so hard and IMF AND WORLD BANK are not doing anything about it and the people are just left to face their fate alone.
The prices of goods and services are constantly going astronomical high and there is no hope insight of this ugly situation coming to a halt.

The purchasing powers of citizens are getting weak and I don't understand if the consumer protection laws are even effective anymore this days.
You buy something for a certain amount today, in the next one week, that same item you bought  has charged Prince without any reason.
How are you guys pulling it through with this inflation?

Very biting and felt, especially for people who are middle to lower income. Well, if it is said that the Ukrainian and Russian Crisis are the causes of global inflation with the crisis and gas supply shortages in Europe and other countries, of course it is not the dominant one. We need to know that inflation can be caused by factors such as demand growth that is faster than supply, rising production costs, currency devaluation and wage increases. That's in addition to the things I have mentioned above.

Well, the impact of inflation certainly cannot be averaged on all income groups. For example, in some cases we often find in the market where the price of certain goods can increase faster than the price of services. What does it mean? It means the rate of inflation a person faces depends on what they buy, where they live, and where they shop.

Yes. We are invited to think about getting through a period of high inflation. There are steps that can be taken to deal with inflation and can help reduce the negative effects of inflation Such as taking part time jobs to Increase Income, reduce unnecessary expenses, or whose prices are rising due to inflation, and most importantly make a realistic budget and follow disciplined financial plan. That's all if done well it will be easy to fight it.

[dothebeats]

Inflation is really biting hard, and nobody is doing anything about it, should we all just go with what Tupac said, "that's just the way it is, things will never be the same".
A lot of person's have ascribed this global inflation to the crisis Rocking Ukraine and Russia,  a lot of person's have also said it's as a result of shortage of gas supply across Europe and other countries.
The whole story is not just clear, as to why inflation is biting so hard and IMF AND WORLD BANK are not doing anything about it and the people are just left to face their fate alone.
The prices of goods and services are constantly going astronomical high and there is no hope insight of this ugly situation coming to a halt.

The purchasing powers of citizens are getting weak and I don't understand if the consumer protection laws are even effective anymore this days.
You buy something for a certain amount today, in the next one week, that same item you bought  has charged Prince without any reason.
How are you guys pulling it through with this inflation?

Very biting and felt, especially for people who are middle to lower income. Well, if it is said that the Ukrainian and Russian Crisis are the causes of global inflation with the crisis and gas supply shortages in Europe and other countries, of course it is not the dominant one. We need to know that inflation can be caused by factors such as demand growth that is faster than supply, rising production costs, currency devaluation and wage increases. That's in addition to the things I have mentioned above.

Well, the impact of inflation certainly cannot be averaged on all income groups. For example, in some cases we often find in the market where the price of certain goods can increase faster than the price of services. What does it mean? It means the rate of inflation a person faces depends on what they buy, where they live, and where they shop.

Yes. We are invited to think about getting through a period of high inflation. There are steps that can be taken to deal with inflation and can help reduce the negative effects of inflation Such as taking part time jobs to Increase Income, reduce unnecessary expenses, or whose prices are rising due to inflation, and most importantly make a realistic budget and follow disciplined financial plan. That's all if done well it will be easy to fight it.

I agree with what you stated. Although inflation is truly present, the impact it holds on us are seen and felt in different levels depending on our unique situations and economic capacity. Moreover, we also view and face each situations differently and it affects the way we take each step against the negative effects of inflation in our lives.