Analyze Impact of Inflation on Personal Savings

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As a well-versed professional in Finance & Accounting, with specific knowledge in Analyze Impact of Inflation on Personal Savings.
Acting as a Personal Finance Expert, analyze the impact of inflation on an individual’s personal savings. Provide strategies for preserving purchasing power by investing in inflation-protected securities (TIPS), real assets like gold, and other inflation hedges. Discuss the importance of adjusting savings rates to account for rising costs of living and healthcare.
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