ilmscore | Inflation Impact on Savings Predictions
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Accuracy

Recent Predictions

Total: 8
Correct: 1
Incorrect: 0
Pending: 7
Unrated: 0
Prediction
Author
Predicted at
Status
Video
Savings accounts not growing fast enough to keep up with inflation are causing people to effectively become poorer.
"So, if you have your money in your savings account and it's not growing fast enough to keep up with ..."
Oct 15, 2025
Correct
Savings that do not grow at a rate sufficient to match inflation will effectively decrease in value, making individuals poorer.
"if your savings don't grow fast enough to keep up with inflation, well, now your savings are essenti..."
Aug 15, 2025
Pending
Inflation is predicted to erode the savings and purchasing power of ordinary citizens while benefiting governments.
"But while inflation benefits governments it devastates ordinary citizens by eroding their savings an..."
Jul 5, 2025
Pending
Rs 1 crore in 2024 will have the purchasing power of Rs 65 lakhs by 2064 due to inflation.
"If you have Rs 1 crore in 2024, then due to inflation, the same Rs 1 crore will be worth Rs 25 lakhs..."
Jan 18, 2025
Pending
Inflation between 2019 and 2024 was 22-23%, meaning an item costing $100 in 2019 would cost approximately $122 in 2024.
"between 2019 and 2024 we have seen between 22 to 23% inflation which means if you want to go out and..."
Jun 20, 2024
Pending
A million dollars held as cash over the last 5 years would have lost over 22% of its buying power, equivalent to more than $220,000, due to inflation.
"if you had a million doll sitting under a mattress over the last 5 years that million dollars would ..."
Jun 20, 2024
Pending
Inflation between 2000 and 2023 was approximately 78%.
"the inflation between 20 and 2023 was about 78%"
Oct 9, 2023
Pending
Inflation at 7-8% annually erodes savings by 5% annually when bank interest is only 3%.
"keeping money in the bank makes you lose around 5% every year because inflation for a city people is..."
Sep 26, 2023
Pending