Imagine that in 1996 you became a dollar millionaire and decided to keep all your savings in cash đ
Today, just 28 years later, your savings would have depreciated by 50% due to inflation đ€Ź
That's considering that inflation in the US has been quite low on average relative to other countries like Turkey, Argentina, Venesuala đ
In those countries, people's savings over that time period could be multiplied by zero đ