February 24, 2021

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The dangers of saving: after ten years there is only half of the money left

The dangers of saving: after ten years there is only half of the money left

Amsterdam – Great to have a nest egg in your savings account. But inflation and the tax authorities are constantly nibbling on it. Of the savings of $ 100,000, $ 8,200 will evaporate in five years if you accept the official inflation figure. Actual inflation is likely to be much higher. And then you have to hope that southern Europe will withstand the new mountain of Corona debt.