Saving or investing?

THE WEEK-Aditya Birla Sun Life AMC seminar focused on the need to stay invested in volatile times

- BY MATHEW T. GEORGE

WHEN YOU WATCH the trailer of Working: What We Do All Day (2023), a Netflix documentary series, what hits you first is former US president Barack Obama's baritone. Then comes the message.

“Here’s one of the great ironies of the moment we are living in: the global economy has made a lot of consumer goods a whole lot cheaper,” Obama says. “Today, most people can afford more clothes, more electron-ics, more stuff than their parents' generation ever could. But try buying a house. A new home used to cost twice your annual income. Now, it's more like six times... So, while your TV maybe getting bigger, the life you can afford might feel like it is getting smaller.”