The 401Kids Savings Act would create savings accounts for newborns. While state child savings accounts have shown promise, inflation and taxes prompt concerns.
My parents lost all their savings due to hyperinflation. I can’t imagine how crushing this could be to a parent. All your life you have saved some money, putting them every month to a savings account in a bank, just to wake up one day and realise that they have disappeared.
Back then I didn’t realise how bad it is, but now as an adult, I can only imagine how they felt back then. Life sucks and fucks you up a lot.
My parents lost all their savings due to hyperinflation. I can’t imagine how crushing this could be to a parent. All your life you have saved some money, putting them every month to a savings account in a bank, just to wake up one day and realise that they have disappeared.
Back then I didn’t realise how bad it is, but now as an adult, I can only imagine how they felt back then. Life sucks and fucks you up a lot.