2023-11-05 22:48
Inflation erodes your standard of living, as well as the value of stocks, bonds, and your savings. It also affects debt.
For instance, the U.S. owes $1 trillion to China. If inflation reduces the value of that debt by 10%, it essentially means they are receiving a discount on their outstanding debt, given the U.S. dollar’s status as the world’s currency.
Food for thought. 🤔