this post was submitted on 12 Aug 2026
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[–] Gerudo@lemmy.zip 6 points 1 week ago (11 children)

I seem to remember needing currency to buy goods and services needed to stay alive.

[–] Hapankaali@lemmy.world 1 points 1 week ago (10 children)

But you don't need to hold on to it for decades.

[–] Gerudo@lemmy.zip 2 points 1 week ago (6 children)

Actually you do, for when you retire and no longer work, or have an emergency, or for any other reason. There's a difference when a billionaire hordes, and a normal citizen. Currency still needs to hold value.

[–] blarghly@lemmy.world 1 points 1 week ago* (last edited 1 week ago)

If you are saving for retirement, you should keep your savings in the market, which would make your $100 worth significantly more than in 2013

Emergency funds should be small enough that changes in value due to inflation over more than a decade cause negligible financial hardship

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