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To: grania

Debt Free is good.

But the inflation is eating away at your savings. So why is that a good thing?

If we had moderate/high inflation wouldn’t you want to borrow money and have little savings?


23 posted on 05/27/2014 7:40:29 AM PDT by crusher2013
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To: crusher2013
but the inflation is eating away at your savings. So why is it a good thing?

I'm in the same predicament as most seniors I know. It's the lack of interest paid on our savings that's eroding our savings.

The other thing that's hurting is all of the fees and increases in utility costs, because of "improvements" and government enviornmental "upgrades" and other such nonsense.

26 posted on 05/27/2014 7:48:12 AM PDT by grania
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