Posted by calvintaneng > 2023-06-18 23:11 | Report Abuse

This is what happened in Singapore due to very high cost of living

Seniors with ages ranging from 70s to 80s are still working in their twilight years

Now same thing is happening in Malaysia due to high inflation plus the collapse of the ringgit

Monies kept in the banks have lost their purchasing power due to persistently high cost of food and everything

Those living on Savings in the Banks plus those on fixed income will see value eroded by high prices from high inflation

Those that do not raise prices have resorted to selling at reduced portion and reduced weightage with the same price or in other word we call it "Shrinkflation"

Either way people are sinking into poverty by just doing nothing in a world of currency value destruction by Us money printing

Therefore it is imperative to learn financial skill in protecting capital value of money by safe investment that can keep ahead of inflation