Saturday, September 03, 2011

Rising inflation

Singapore's high inflation refuses to budge. It is expected that inflation in Singapore will hover around 5% for 2011. The real power of our wages will inevitably shrink. If one has an investment portfolio, achieving a return which exceeds the current inflation rate is also no means feat given the current volatible global economic conditions. Keeping savings in banks and earning a paltry interest is also disappointing.
I think against inflation, one should look at other things in life apart from the cost of living and money. There are other more worthwhile things to pursue in our lives. Don't you think so?

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