Economist Warns: Savings Accounts Won’t Protect You From Inflation

Even if you’ve been diligently saving, your money might be losing value faster than you think. Daniel Altman, economist and author of the High Yield Economics newsletter, believes that due to the devaluation of the dollar, keeping too much money in a savings account can wreck your finances. Read Next: 6 Things You Must Do When Your Savings Reach $50,000 Find Out: 4 Surprising Things That Could Impact Your Wallet If a Recession Hits Here’s a closer look at why that is and what to do instead. Why the Dolla ...