Margaret Thatcher: Robber Inflation
on Friday, November 18, 2022Meaning of Margaret Thatcher Money Quote: saying Inflation steals from savings accounts and brings unemployment. Margaret Thatcher said:
“Inflation is the parent of unemployment and the unseen robber of those who have saved” — Margaret Thatcher
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Margaret Thatcher is suggesting that inflation can lead to unemployment and erode the purchasing power of savings. She refers to inflation as the “parent” of unemployment, meaning it often gives rise to job losses. When prices rise rapidly, it can cause economic uncertainty and reduce consumer spending, which in turn can force companies to cut costs by laying off workers.
She also calls inflation an “unseen robber” of savers, indicating that it stealthily diminishes the value of money that people have set aside in savings accounts or other stores of value over time as each unit of currency buys less and less.
So in summary, Thatcher is warning about the negative consequences of inflation both for employment levels and for those who have accumulated financial assets.
Birthday October 13, 1925 – Death: April 8, 2013