Living With Nearly 100% Inflation

As inflation in Argentina soared close to 100% in 2022, a 30-year high, people are doing whatever it takes to survive. Some barter online for pantry staples, and others ditch the peso to shield the value of their savings.

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[VICENews]

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[LoughBellis]

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

[Raymondjohn]

Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy.

[SophiaChristian-soof]

This administration is putting many families in difficult situations. A lot of people are financially struggling to live, put a roof over their head and put food on the table. Things are getting worse these days, if you don't find means of multiplying your money you might wake up a day to realize you didn't plan well for yourself and family.

[TWzi_QOdEfAYcKiT]

As an Argentinian I can say that living with this inflation rate it's very distressing. Knowing that every time you are sleeping your money is getting weaker and weaker.

[talented]

With inflation running at a four-decade high, the Recession is now the ‘most likely outcome for the economy and I cannot imagine being a victim of circumstances. My portfolio suffered a big hit, holding it further won’t be any good. I've heard of people netting hundreds of thousands this red season. How can I ensure this?

[NicholasBall]

Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. <It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.

[alexis]

As a Zimbabwean whose country went through 1000% inflation i understand their frustration, living in a failing economy is one of the most challenging things you can go through especially when you have a family to support, be strong and keep hustling you will get through this 💪🏾

[Riggsnic_co]

I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.

[ClementRusso]

It's hard to predict the future until we see this month’s inflation results. However, historical data consistently show that stocks tend to outperform bonds in the long term. Therefore, I'm staying in the market and focusing on selecting high-quality stocks. The challenge lies in identifying these stocks.

[pezzie]

I live in Argentina, its so hard to make a living here. My employer has started paying me in Mexican pesos as they're more stable and still somewhat accepted in my area. I trade the pesos for USD to barter and trade at local shops. Meats and eggs can easily cost a days work for just a few eggs or a couple pounds of low grade ground beef.

[PhilipMurray]

Inflation depreciates idle money. I'm in a privileged position to be able to save almost 65% of our net household income, as I placed it on safer investments. The key for us was not spending beyond our means. If you invest and have other sources of income outside of dividends then you will be able to live off dividends. Got north of $200K in my portfolio as I bought a lot of dividend stocks before, I'm buying more now, and I will buy more when it drops further

[leonarodwell]

After a horrendous 2022, shell-stunned financial backers have misfortunes to recover and a lot to consider, as an expansion report and a pile of different information did close to nothing to change assumptions that the Central bank would probably keep climbing interest rates regardless of whether the economy dials back, And that implies more red ink for portfolios for the principal quarter of year 2023. How might I benefit from the ongoing unstable market, I'm currently at a junction choosing if to exchange my $250k security/stock portfolio

[an_gigy]

Latin America is constantly suffering because of government mistreatment. Some try to deny it and act like everything will somehow come together, but it won't. We all are struggling, but we stand tall for our loved ones as always. Mucha fuerza para mis compas Argentinos y toda mi gente latina. 🙏🏻

[josephbailey]

I just left Argentina five days ago and this report is pretty accurate.

[ExxonMobilCompany]

External causes are frequently the cause of recession, and it seems that the US dollar's status as the federal reserve currency is waning.
It appears that a new multilateral world order is on the horizon as a result of a declining capacity to control inflation and a decline in stock and oil trading.

[nathanrey]

Love to Argentina 🇦🇷 from Venezuela🇻🇪 I hope we can both get out of our economic crisis

[Andy]

As an Argentinian myself I can’t say I am not concerned about the country I live in. For as long as I can remember the huge economic crisis has always been a big issue: poverty, inflation and corruption have destroyed a society turning it into a resentful and selfish one where you can only live one day at a time. Yes it is a daily battle but it does make you stronger.

[Kat-trig]

I've been living in Argentina since 1997. I was here in 2001 when we had our "worst crisis", but things now are horrible. Literally prices rise by the week. I don't see how they're going to fix this, if everything doesn't collapse first.

[instinctively_awesome]

Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment