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Frederick (Fred) Saide's Blog – February 2022 Archive (1)
Inflation Hurts
You may have heard the saying, “inflation hurts savers and benefits borrowers.”
The expression suggests that borrowers benefit from inflation because they pay back lenders with dollars’ worth less than when the money was initially borrowed. But for savers, your hard-earned dollars will lose buying power over time.
One popular way to show the “hurts savers” illustration is with retirement calculators. A fixed amount of money will lose buying power at a much…
ContinueAdded by Frederick (Fred) Saide on February 18, 2022 at 1:35pm — No Comments
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