A new piece of research amongst high-net worth investors (HNWIs) shows a lack of understanding of the effect inflation has on cash savings.
A Canaccord Genuity Wealth Management (CGWM) and YouGov survey of 1,006 HNWIs – defined as those with investible assets exceeding £750,000 – found the cohort estimated that £1000 put in a savings account 10 years ago would be worth £1,404 today. Women estimated £1,336 and men £1,470. The reality is that it would have a real value of just ...
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