I think when people hear the word "inflation", they either tune out or don't understand how evil it is. Evil because it's a hidden tax. Hidden because it's easier to inflate than raise taxes which is politically harmful. Your money is worth less over time because of inflation.
FOMC inflation target is 2% per year, which actually upset Paul Volcker many years back because it cuts the purchasing power of a generation in half. Example: $100K in cash, in about 35 years is worth $50K. If inflation rises to 10%, $100K is worth $50K in only 7 years.
People with no hard assets/quality stocks/passive cash flow, will be working for most of their lives. How do you beat inflation? Increase your earnings (be the best at what you do) and own quality cash flowing businesses. Consider saving in bitcoin and (some) gold. #BTC
Cherry on top. Here's what Warren Buffett had to say in his 2022 meeting: "Inflation swindles the bond investor... swindles the person who keeps their cash under their mattress, it swindles almost everybody". And an older video with Buffett on inflation: