The Devastating Effect Of Inflation On Your Money: Why NOT Investing Money At All Is A Complete Dumbness
Just check out the below image illustration and read the note below,
This
is how increases your expenses every year and how value of your money declines
every year. You can see in the image how inflation rate of 5% increases the
amount of your same expenses every year and decreases the value/purchasing
power of your savings if not invested.
We
have calculated only 5% rate of inflation but as you know the inflation rates
are soaring above 7% to 10% many times in this globalized world and due to
rising crude oil and commodities prices.