Timothy Sumer

We are currently in a high inflation economy at the time of this recording. There are strategies you can use to combat it! WATCH NOW to learn how to!! Don't Click: #inflation #economy #finance #financialliteracy #money #cash When it comes to beating high inflation, a money market account can be a potential option compared to traditional savings and checking accounts. Here's how it can help: Higher Interest Rates: Money market accounts generally offer higher interest rates compared to regular savings or checking accounts. This means that the growth of your savings can potentially outpace inflation to some extent. However, it's important to note that interest rates can still be lower than the actual inflation rate, so it may not fully protect against inflation. Stability and Liquidity: Money market accounts are typically considered more stable and liquid than other investment options. They are usually offered by banks or financial institutions and provide a sa...