Question

Why are people with savings hurt by inflation?

A. Inflation reduces the interest savings accounts pay.
B. The money they saved in the past is worth less in the future.
C. The money is worth more now than it was in the past, leading to a higher tax bill.
D. Inflation discourages people from saving.

Answer 1

B) The money they saved in the past is worth less in the future

Step-by-step explanation: