Let's suppose that you make $20 an hour and don't receive a raise. But over the course of 5 years, inflation rises by 5%, making goods cost 5% more. Your $20 an hour doesn't buy as much after 5 years than it did before.
However, if you owned a $100,000 home and inflation rose 5%, your home would now probably be worth more.
How does inflation affect monetary assets? real assets???
Can anyone please give me some ideas????THANKS A LOT!!!!!
1 answer
0 answers