Key inflation readings soared above 5% this spring, with prices rising on everything from food to metals to transportation . Either way, today's concerns about inflation serve as a good reminder to hedge against it in your savings and investments. After all, even moderate levels of inflation will reduce the value of your money over time. So if inflation is running at 3%, you at least want to earn 3% on your nest egg for your money to maintain the same purchasing power. By that she means investing in various asset classes -- and within them -- to protect against the risk of losing money.

Source: CNN June 28, 2021 13:52 UTC