If inflation continues to be high what will happen to your money?
By vinslounge
@vinslounge (1295)
India
July 16, 2012 1:17pm CST
As days pass by, the cost of everything around us keeps on increasing and it is taking a big toll in common man's financial conditions. All the rates have been almost doubled in the last 2 years and this is definitely not a good news for many of us. Apart from our salary, everything is increasing. If this trend continues, I am afraid this may lead to a revolution. What is the best way to overcome this situation? I am requesting the experts in mylot to throw some light on the recovery.
1 response
@ravisivan (14079)
• India
16 Jul 12
vinslounge:
It would have 12.44 am when you posted this. (night). perhaps you are working in a call centre. you are right the price of everything more especially real estate has gone up. recently they have raised the engg. college /medical college fees structure also. I am also worried. For no fault of ours --retired people like me are made poorer day by day -- we have money deposits - the value goes down drastically.
it may result in some drastic step being taken by government or people. I cannot guess what will happen in the case of India. let us hope good things will happen.
