Welcome to our podcast, as mentioned, we shall discuss further about the impact of inflation. Inflation is real and happening today. Everything in sunny Singapore has become a lot more expensive. Food court meals was $5 and now we have to pay $10. The cheapest car cost almost $200,000 which is enough to buy a house in most countries. The cheapest condo... I wouldn't even want to go there. You get the idea, inflation has taken us by storm. The hardest hit people are people in the lower income households and those with debt. Interest cost is rising and if one is not careful, one might get caught with over-indebtedness. It is very scary, it may cause bankruptcy and then all we worked for is gone. So please be very careful with debt. Lower income households did not ask for this but yet they will suffer. It is imperative for society and the more well-off to help....