Friday, Oct. 14, 2022 | 2 a.m.
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Inflation is the biggest threat to savings over the long term. Inflation goes up and down but there is rarely deflation. That means prices increase over the long term and the purchasing power of the dollar decreases.
Everyone is negatively affected by inflation, while the fluctuations of the stock market primarily affect investors. I have seen many bear markets but the stock market has always recovered and advanced to new heights.
Stocks are investments that involve risk; they are not savings. Fluctuations in the interest rate may help or hurt investors, but inflation hurts everyone.
