Explain How Inflation Affects Savings

question 2

Essay

Explain how inflation affects savings.

---

Definitions:

Socially Constructed

An understanding that concepts, identities, and values are created through social interactions and are not inherent or fixed, but shaped by cultural and societal norms.

Gender Roles

The societal norms dictating the behaviors, tasks, and responsibilities expected of males and females based on their biological sex.

Muscle Density

The compactness of muscle tissue, which can contribute to overall muscle strength and appearance.

Functionalist

Functionalist is an approach in sociology that emphasizes the role that different parts of society play in maintaining a cohesive and functioning whole.