Business · Markets · 10 hrs ago

Mediolanum event highlights long-term investing to protect savings from inflation

Mediolanum event highlights long-term investing to protect savings from inflation

Mediolanum held its fifth MedMe event in Dublin, focused on how families can turn savings into long-term value.

The event highlighted the risk that cash left in a bank account can lose purchasing power as prices rise.

Its analysis said that, over the past 25 years, inflation averaging 2.5% reduced the purchasing power of €50,000 to the equivalent of €27,000.

It said the same amount invested in a balanced portfolio split equally between shares and bonds would have earned a 76% return.

The event also pointed to retirement concerns in Europe: life expectancy averages 83 years, while pensions average about 70% of people’s former pay.

Mediolanum’s message was to start investing early and use a consistent approach, while making informed choices about financial products.

It said artificial intelligence can help savers and advisers build efficient portfolios when used carefully.

Sources

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