Savers Appear to Be Getting a Little Bit Angry
October 20, 2009
Inflation Good for Debt
Who are savers starting to get a little angry at is the question.
The answer to that is two-fold: one, the U.S. government, and two, people who live off debt or have lived off debt up to this point.
When inflation goes up, debt becomes less of problem. "Cheaper" dollars means, theoretically, that the burden of debt is lessened. The more money there is available, the quicker the debt gets paid or settled.
That's great news for debtors, including the U.S. government itself.
Retirement Savings Week: Let Saver Voices Be Heard
Savers are the losers in this scenario. If you save your money and the value of your goes down because there's more of it in circulation, that hurts.
This week is Retirement Savings Week. It's time to let your voice, as a saver, be heard. It's your money that's at stake. Fight for its right to be worth more in the future than it is now.