Why is stuffing money under a mattress considered a losing strategy? Option: "It's difficult to track expenses when cash is not in a bank", "Money loses its purchasing power due to inflation", "Mattresses are prone to attracting pests", "The government can confiscate hidden cash"

Why is stuffing money under a mattress considered a losing strategy?

What is the main reason why idle savings are considered detrimental to financial well-being?

How can individuals combat inflation in their retirement planning?

What is the primary reason that inflation poses a significant challenge for retirees?

What is 'lifestyle creep' and why is it detrimental to financial well-being?

How can individuals stay informed about the potential impact of inflation on their retirement savings?