How Inflation Hurts You and Your Family
Inflation When you heard somebody in authority like an economist, or a government economic guru, or a central bank official that would say - "... we are targeting an inflation rate of 3 to 4% this year.", what do you have in mind? More often than not, majority would agree that it is for the economic health of the country - to boost the economy in order to generate more jobs, in order to make business environment conducive for entrepreneurs and investors, and so on... Sure! But wait - has there anyone thinking of trying to look at the other side of the coin? Looking on the other side at any case gives us the whole picture of the situation. Inflation has usually been portrayed as an essential ingredient of the government's economic agenda across the board. It is rarely presented as to what it does to the individuals - the working public, consumers and even to the families that concerns to you and me. Here are the TWO SUBTLE effects of Inflation that a