In the United States, our inflation woes are pretty bad. Inflation has been affecting the poorest among us and the newly arrived immigrants that want to experience American life. Of course, being in a 'wealthy' country, we have living standards that are different than countries that are not as affluent as we are; In comparison, we are not suffering even if we are pushing 7-14% inflation - real-world inflation.
Yet, that doesn't mean we should not be concerned. Generally, the federal reserve targets a 2% interest rate or less; We've gone beyond that. My family has been focusing on interfamily transactions and interfamily credit. We have also begun acquiring investment assets to protect against inflation, such as physical and digital assets.
The physical assets we're obtaining to push back against inflation are acquiring copper, silver, and (if it's cheaply available) gold. We are looking to purchase more property within the next year or two. We've also obtained stocks in companies (as individuals) and have begun expanding our holdings of physical currency, including old coins for our collection. Digital assets, like cryptocurrency, have helped us diversify our portfolios since we cannot effectively rely on keeping our wealth in fiat.
Our priorities are diversity in wealth.
RE: Comment Activity: How is Inflation Affecting You in Your Country?