Today 12:04 am
I don't claim to be a financial expert. Never have. You claim it though.
So a reasoned explanation why elders hate inflation and why it's referred to as a "generational tax" would seem to be in order. I see their concerns as valid. Please advise.
Investments can go negative but inflation hasn't gone backwards (deflation).
A spike in prices in general can affect people basically as a permanent new normal.
That devaluation of their saved money is what I was referring to. I openly invite any correction.
Please seat yourself.
I like the very things you hate.
I like the very things you hate.