Ten Years On, Why Aren’t You Any Richer? The Hidden Cost of the 2% Inflation Target
A recent Bitget Wallet research piece lays out an argument worth sitting with: for most of the past decade, savers who kept their money in cash weren’t doing anything wrong on paper, yet they still ended up worse off in real terms. The problem becomes clearer when you look at what happens to an ordinary saver over time.
Let’s say that over the past decade, you’ve done your best to be financially responsible. You worked long hours, got a promotion, cut unnecessary spending, bought things when there were discounts, figured out which Credit card gives you the best cashback, all so you can enjoy it later.
But here’s the thing: the growing bank balance can hide a very serious problem. Your salary, even if it’s increased over the years, may be worth less than it was 10 years ago. A house deposit, family holiday, or even an ordinary dinner can consume a larger share of that inco…
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