Is Inflation Good Or Bad For You?
Is inflation good or bad for you? When there is little inflation, people spend money now since they can buy less with the same amount of money tomorrow.
So do you make a buying decision because the price will increase and you have to pay more? I think most people buy because they have to. You have to buy food to eat. You need a house, so you will spend money to build a house. There are some luxury products that may have more influence on price when you make a buying decision. Now we see massive inflation. And this is definitely bad for you. You cannot buy the same thing today with the same amount of money that you could a couple of months ago. The purchasing power is decreasing rapidly because of inflation.
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Hi, I am Rezoanul Vibes. I'm a content creator and passionate learner. I write about lifestyle, finance, martial arts, and digital marketing. I'm glad to meet amazing people all over the world.
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