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Neutralizing the three biggest threats to our financial wellbeing in 2022

Neutralizing the three biggest threats to our financial wellbeing in 2022

While 2022 is just around the corner, some risks to our financial wellbeing are already here. Inflation, stock market valuations and even interest rates are all in the spotlight and all three have the potential to inflict some financial pain. But it is possible to plan ahead and protect your personal financial wellbeing.

How stagflation can impact our financial wellbeing

How stagflation can impact our financial wellbeing

From a personal finance perspective, were stagflation to take hold, it would have a very significant and negative impact on the value of money held in savings, income, pension payments and even employment prospects. As inflation erodes the buying power of money, the real value of money held on deposit falls in tandem with the prevailing rate of inflation.