Save more, less debt first: Inflation has made everyone have a serious misunderstanding of saving money over the years, and everyone thinks that being in debt is normal, as if you are embarrassed to give it to people if you don't carry debt

Save more, go into debt less

First: inflation has made everyone have a serious misunderstanding of saving money over the years, everyone thinks that being in debt is normal, as if you are embarrassed to say hello if you are not in debt, when deflation comes monetary tightening Everyone feels that money is difficult to earn, only to find themselves insolvent at this time.

Second: deflation of wage prices is actually a process of amplifying debt, when your income decreases, your ability to repay debt will weaken, your debt will not decrease at this stage, if there is no corresponding deposit to deal with the debt problem, the final result is a crisis for you and the whole family.

Third: the future is an aging society, entering aging means that investment and consumption will weaken, long-term deflation is a high probability event, maintaining appropriate savings, reducing consumption levels, is the most effective means to deal with deflation.