Inflation: The Silent Killer

Inflation is the rise in prices of goods and services over time. When prices increase, your purchasing power decreases. Inflation happens when a country prints more money than it earns. The result is everybody will lose some value of their money. Some refer to inflation as a hidden tax.

Inflation is a major factor to consider when you build up your financial future. For instance, if you put your money in an account with a zero rate of return, its value will certainly decline in the long run. Are you prepared for inflation? Do you think that you should save more and spend less?