Jul 24 2018, 04:43 PM
QUOTE(cfkoon @ Jul 24 2018, 04:37 PM)
Eg
Low income : 1K . Basic cost of living = 800. Savings = 200
Middle income : 5K . Basic cost of living = 2K. Savings = 3K
High income : 20K. Basic cost of living = 5K . Savings = 15K
When inflation hits your basic cost of living, whose savings gets crunched more? Savings decline, inflations hits harder. Perpetual cycle.
It's all relative.Low income : 1K . Basic cost of living = 800. Savings = 200
Middle income : 5K . Basic cost of living = 2K. Savings = 3K
High income : 20K. Basic cost of living = 5K . Savings = 15K
When inflation hits your basic cost of living, whose savings gets crunched more? Savings decline, inflations hits harder. Perpetual cycle.
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