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[-] Hapankaali@lemmy.world 0 points 17 hours ago

Some in a checking account, sure, but that should be a small amount that isn't significantly affected by inflation.

Retirement funds typically aren't bills stuffed in mattresses, and if they are, that's on you.

[-] Gerudo@lemmy.zip 1 points 16 hours ago

Currency ultimately funds retirement accounts.

[-] Hapankaali@lemmy.world 1 points 16 hours ago

Sure, but not currency that has been stuffed into mattresses for decades.

It goes into the retirement account and is immediately converted to something else that is a hedge against inflation. Typically, some kind of productive asset or proxy thereof, like stocks or real estate.

[-] Gerudo@lemmy.zip 1 points 14 hours ago

I get that physically hoarding actual paper currency is dumb. That is not how I read the original post though.

[-] Hapankaali@lemmy.world 1 points 14 hours ago

Well okay, if you're not stuffing your mattress, then what does it matter what a certain amount of a currency might have bought in the past? You can't time travel to spend it.

this post was submitted on 12 Aug 2026
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