I hope you don’t mind me asking, but two main questions come to mind when I hear about triple digit inflation.
First, is it normal to keep savings in another currency? I know in Turkey at least, it’s common to save money in gold, but I don’t know if either that or saving in, for example USD, is common.
Second, how do raises work in times like that? As things inflate at rates like that, your salary would so quickly become quite outdated. Are raises or job hopping common at that point?
And I guess a third question. How do you even life bro? I’m fortunate to live in a country with relatively high incomes and stable currency, and our 10% inflation hurt.
In my country we have 120% anual inflation or even more by some estimates. It’s awful living like that, I tell you that
I hope you don’t mind me asking, but two main questions come to mind when I hear about triple digit inflation.
First, is it normal to keep savings in another currency? I know in Turkey at least, it’s common to save money in gold, but I don’t know if either that or saving in, for example USD, is common.
Second, how do raises work in times like that? As things inflate at rates like that, your salary would so quickly become quite outdated. Are raises or job hopping common at that point?
And I guess a third question. How do you even life bro? I’m fortunate to live in a country with relatively high incomes and stable currency, and our 10% inflation hurt.