One area that is less talked about is how saving money in the bank can slowly reduce its value over time.
This is how persons lose money, not because it is stolen, when it is left in the bank, prices are rising rapidly, much more than the interest rates.
I think this has been discussed and is being talked about more frequently these days, as there are a lot of finance and investments social media creators who talk a lot about these. I know it already reached to many people, but not everyone has realized and understands it.
What people really don't realize is that they think their money is safer in the banks because it's unlikely to get stolen. However, people did not notice that the purchasing power of their money had gradually depleted. Those interest rates the banks are offering can't even keep up with the rapid inflation.
So, yeah, keeping your savings through purchasing commodities is always the best option to protect your money from losing its purchasing power. If you have high risk appetite, invest it in crypto or Btc. Banks have been "legally" stealing from us in broad daylight, lol.
