I thought that this is worth a new thread, as it seems to come up a lot in other topics.
With IR reaching towards lows again, after inflation and taxes, the return on a savings account is actually negative.
How are people supposed to avoid this? This isnt even debt deflation, as in my case, i have no debt. What should a young person do? Spend every cent as soon as they get it and live for payday to payday? At least then i would have a heap of nice stuff and would be able to lose value on TVs etc rather than lose value on money/nothing in a bank account.
Or is the stockmarket an option? No cause thats still falling.
It seems that there is no option, not even saving, which will make money or even break even at the moment