How Inflation Impacts Your Finances: Mortgages, Savings, and Pensions Explained
2025-01-15
Daily Express
Inflation can significantly affect your financial situation, from increasing mortgage payments to reducing the value of your savings and pensions. As the inflation rate rises, the purchasing power of money decreases, meaning households can buy fewer goods and services with the same amount of money. This can have a significant impact on your budget and financial plans, making it essential to understand the effects of inflation on personal finance, including investments and retirement plans, to make informed decisions and secure your financial future.
