What is the impact of inflation on my savings?

What is the impact of inflation on my savings?

Inflation reduces the purchasing power of your savings. If your savings grow slower than inflation, you effectively lose money.

How can I protect my savings from inflation?

You can consider investing in assets that typically outpace inflation, like stocks, real estate, or inflation-protected securities.

What are inflation-protected securities?

Inflation-protected securities, like TIPS (Treasury Inflation-Protected Securities), adjust your principal based on inflation rates, helping preserve purchasing power.

Is it better to keep my money in a savings account or invest it?

It depends on your financial goals. Savings accounts offer safety but low returns, while investments can yield higher returns but come with risks.

What should I consider before investing?

Consider your risk tolerance, investment goals, time horizon, and the current economic environment before making investment decisions.