The most significant are:
Inflation is taking its toll. In most countries, inflation is between 2% and 3%, and it is expected to rise further. In most nations, banks do not pay that much. Many people had lost over 30% of their money due to inflation since 2008 when interest rates were 0%.
Depreciation of the currency. You can beat inflation in bank deposits, but you live in a country subject to currency fluctuations. This is more harmful to ex-pats than to natives, but it can affect everyone because imported prices combined with a weak currency will eventually drive inflation. affordable essay writing help.