Actually you do, for when you retire and no longer work, or have an emergency, or for any other reason. There’s a difference when a billionaire hordes, and a normal citizen. Currency still needs to hold value.
Sure, but not currency that has been stuffed into mattresses for decades.
It goes into the retirement account and is immediately converted to something else that is a hedge against inflation. Typically, some kind of productive asset or proxy thereof, like stocks or real estate.
Well okay, if you’re not stuffing your mattress, then what does it matter what a certain amount of a currency might have bought in the past? You can’t time travel to spend it.
Actually you do, for when you retire and no longer work, or have an emergency, or for any other reason. There’s a difference when a billionaire hordes, and a normal citizen. Currency still needs to hold value.
If you are saving for retirement, you should keep your savings in the market, which would make your $100 worth significantly more than in 2013
Emergency funds should be small enough that changes in value due to inflation over more than a decade cause negligible financial hardship
Some in a checking account, sure, but that should be a small amount that isn’t significantly affected by inflation.
Retirement funds typically aren’t bills stuffed in mattresses, and if they are, that’s on you.
Currency ultimately funds retirement accounts.
Sure, but not currency that has been stuffed into mattresses for decades.
It goes into the retirement account and is immediately converted to something else that is a hedge against inflation. Typically, some kind of productive asset or proxy thereof, like stocks or real estate.
I get that physically hoarding actual paper currency is dumb. That is not how I read the original post though.
Well okay, if you’re not stuffing your mattress, then what does it matter what a certain amount of a currency might have bought in the past? You can’t time travel to spend it.