Along the same lines, Adler stated that currently “the deterioration in the purchasing power of citizens is increasingly painful and affects the macro as a whole, since consumption is being lost, as happened in 2019, by -18% at the national level. In a nutshell, accumulated inflation so far this year is 29.3%, while the year-on-year rate in May climbed to 60.7%”
The specialist explained that “Today, in Argentina, there is no financial product that can give us more than 80 or 90% of profitability, therefore, we would be losing with inflation even immobilizing money, which is a terrible option. The speed of our money is what makes the difference, and we are not going to have support or support from the State in our race to nurture ourselves with Financial Education and real strategies that lead us to generate greater personal wealth”.
Not only is inflation the problem, but also the amount of taxes, the lack of political and economic ideas and strategy, the weakening of global and national consumption, etc. The problem is here to stay and what touches us directly today could intensify depending on what the National Government does.
“Great ideas come from inspiration or despair. In the case of Argentines, we are more used to the second option. With the aforementioned scenario, nothing is safer and more reliable than investing in our most valuable and most important asset, which is our own brain, and understanding that there is nothing that can beat inflation except by being better traders, entrepreneurs, innovators and owners. of our own commercial projects. The options are to survive or start living”, concluded Adler.
Source: Ambito
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