Saving money in a bank account that earns less in interest (ex: 0.75%) than the economy experiences inflation (avg: 3%) leaving you with less spending power in the future. If you save $500 in a savings account now, you'll be able to buy LESS with it in 2025 than you could today. That's what makes INVESTING an important part of your long-term financial health. Let's explore inflation a little further using this Inflation Calculator.