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High inflation : Diminishing value of CPF lifetime Savings worth little or nothing upon retirement..
Simply compare those had retired and withdrew their CPF Savings 10 years ago with those retiring today.
The value of your CPF lifetime Savings diminished overtime - it's painful.
(This post was last modified: 25-09-2023, 02:40 AM by
Scythian.)
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(25-09-2023, 02:35 AM)Scythian Wrote: High inflation : Diminishing value of CPF lifetime Savings worth little or nothing upon retirement..
Simply compare those had retired and withdrew their CPF Savings 10 years ago with those retiring today.
The value of your CPF lifetime Savings diminished overtime - it's painful.
In simple terms, inflation refers to the increase in prices for goods and services over a period of time.
When inflation occurs, the purchasing power of money diminishes, which means that each dollar can buy fewer goods or services this year than it could last year
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(25-09-2023, 02:46 AM)Scythian Wrote: In simple terms, inflation refers to the increase in prices for goods and services over a period of time.
When inflation occurs, the purchasing power of money diminishes, which means that each dollar can buy fewer goods or services this year than it could last year
GIC uses our CPF money to invest long-term in tangible assets eg properties and equity making money to hedge against inflation..
While CPF members are dead ducks.
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(25-09-2023, 02:35 AM)Scythian Wrote: High inflation : Diminishing value of CPF lifetime Savings worth little or nothing upon retirement..
Simply compare those had retired and withdrew their CPF Savings 10 years ago with those retiring today.
The value of your CPF lifetime Savings diminished overtime - it's painful.
Ask Uncle Sam
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