Savings lose value as inflation hits fresh 40-year high – ‘continued erosion of wealth’

By Temie Laleye

However, with the inflation rate on the rise, savings are now in danger of losing value in real terms. Les Cameron, savings expert at M&G Wealth, said: “We now see the inflation peak is going to be higher than earlier predictions. What we don’t know is where it will stop and for how long these […]

Savings lose value as inflation hits fresh 40-year high – ‘continued erosion of wealth’

Source: Savings lose value as inflation hits fresh 40-year high – ‘continued erosion of wealth’

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