Inflation crises affect on salary class

Inflation crises have a significant impact on the salary class, as it leads to a decrease in the purchasing power of their income. The cost of living increases, thus making it more challenging for individuals to meet their daily expenses. Inflation may also result in a rise in interest rates, making loans more expensive and unaffordable for many people. As a consequence, the salary class may face challenges in maintaining their standard of living and meeting their financial goals. This highlights the need for effective financial planning and investment strategies to combat the negative effects of inflation