Inflation is the rate at which the prices of goods and services increase over time. It can be a significant threat to your financial security, as it can erode the value of your savings and make it more difficult to afford basic necessities. There are a number of things you can do to protect your money from inflation, including:
Investing in assets that are likely to appreciate in value, such as real estate, stocks, or bonds.
Diversifying your investments so that you are not overly reliant on any one asset class.
Saving in a high-yield savings account or certificate of deposit (CD).
Investing in inflation-linked bonds, which are designed to protect your investment from the effects of inflation.