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We all know that our money and savings lose value at a faster pace when inflation keeps rising. In June, the inflation reading rose to 8.1% and July rate, which will come out on August 16, 2022, could be higher. Meanwhile, data from Trading Economics showed that the household savings rate in Canada for Q1 2022 was also 8.1%.The household savings rate peaked to 28.2% in Q2 2020 due to pandemic dole outs from the federal government. But with the end of stimulus programs and the soaring costs of living, will Canadians save more Dividend investing is a tested and proven strategy to cope with inflation. Stocks can be risky assets, but there are high-quality stocks available for risk-averse investors. And, the passive income your money earns from these
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