How to Protect Yourself from Rising Inflation

This one isn’t related to the medical field, but I thought it might be beneficial to share it with you.

Whether you’re looking to invest thousands of dollars or just a bit of your savings, the following three sectors might give you an extra boost over the next few years.

With U.S. inflation hitting yet another multi-decade high ⁠— it reached 9.1% in June 2022 — Americans continue to see their purchasing power plummet.

But whether we’ve reached peak inflation or we’re heading into a recession, in this article, Suze Orman, a personal finance expert, says you should still lean on stocks for the long haul.

“Over the long-term stocks have produced the best gains after factoring in inflation,” writes Orman in a blog post. “Bonds and cash struggle to keep pace with inflation; only stocks have a track record of earning more than inflation.”

Orman’s advice is sound. But some areas of the stock market perform better than others during periods of high inflation. Click here to see what other asset classes perform well and are a good hedge against inflation.