INFLATION EASILY EXPLAINED
Posted by Nahed Benyamein on Wednesday, June 22, 2022 at 12:23 PM
By Nahed Benyamein / June 22, 2022
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INFLATION EASILY EXPLAINED!
To put it simply inflation is when the prices of goods and services in our economy go up in price.
As prices go up, our money isn’t as strong and can’t buy as much stuff as it could before. An easy example that applies to all of us is how much more expensive it is to just buy gas!
Inflation can really hurt those that are saving money in the bank because it diminishes the value of the interest you earn on your deposits.
One way to combat inflation is to invest in tangible goods such as real estate and commodities like lumber or steel.
Questions about inflation or anything real estate? Send us a DM or drop us a comment below!
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