Cash reserves help in times of reduced or no income.
But inflation eats cash reserves, returning nothing. As prices rise the money can buy less. Any interest earned only offsets a small fraction of the loss of buying power.
Have I put you to sleep yet?
History and basic economics suggest our economy is headed for recovery, but [...]

My company has announced some extremely severe cutbacks despite the fact that we are profitable. Wall Street demands more. Gotta pay out those executive bonuses afterall.
Anyway, shortly they are going to lay off somewhere upwards of 500 workers…that’s an extremely healthy percentage of our remaining workforce.
In addition, for any remaining behind they’ve reneged on our [...]