10 ways to protect yourself against ballooning inflation

“If you knew someone was coming to rob you, what would you do? Shrug off the threat, or take precautions to protect your interests? Inflation eats up your buying power. If it’s severe, you will notice it from year to year as the prices of things you buy everyday just keep going up. This is a big problem if your income isn’t going up at the same rate. Even if prices are only rising gradually, you will find that it eventually erodes your standard of living. Therefore, it’s good to explore different ways to protect yourself from this insidious force.”

The US economist Milton Friedman once said “inflation is taxation without legislation” and the latest rise will hit the pockets of many British consumers who are already struggling to cope with the cost of living…

Read more: https://www.ft.com/content/f98d242c-2bf5-11e7-bc4b-5528796fe35c

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