CashVille Kidz Episode 16: Understanding Inflation

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In this episode, students discover why the value of our money is getting lesser and lesser every year. It is something that we can't run away from. Something that hits us all whether we are rich or poor and anywhere in the world. Inflation.

Inflation is happening at a faster pace compared to the Interest you get from the bank. This means you are becoming poorer. There are many reason for inflation like the increase in money supplied, increase in taxes and changes in the exchange rates.
Inflation will ULTIMATELY make you poor in your old age. As you get older and retire, your income will drop. With inflation causing the Price of things to Rise and you losing your Income, you might just end up BROKE.

Start acquiring the right money habits today!