1. Inflation alert: ₹50,000 could lose nearly 70% of its value in 20 years

Inflation alert: ₹50,000 could lose nearly 70% of its value in 20 years

Business

  • Financial experts warn that inflation could sharply reduce the value of savings over the next 20 years.
  • At 6% annual inflation, ₹50,000 received in 20 years would have the buying power of just ₹15,600 today.
  • • Someone spending ₹50,000 monthly today may need around ₹1.6 lakh monthly in 20 years to maintain the same lifestyle.
  • Experts advise starting retirement savings early and planning for rising healthcare, housing & daily living costs.

Source: ndtv.com

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