View All num of num See all Photos J.P. Morgan This employer has taken extra steps to respond to reviews and provide job seekers with accurate company information, photos, and reviews. Interested for your company?Learn More. www.jpmorganchase.com www.jpmorganchase.com Work in HR? Unlock Free Profile Overview Reviews Salaries Interviews Jobs Photos Benefits 4.4k Reviews 13k Salaries 2.5k Interviews 4.4k Jobs Follow Add Review or Salary Follow Add Review or Salary J.P. Morgan 4421 Interview Question Summer Analyst Interview J.P. Morgan How will inflation affect the economy? Tags: See more , See less 8 Answer Add Tags Flag as Inappropriate Thank you! Your feedback has been sent to the team and we'll look into it. Oops! We're sorry but your feedback didn't make it to the team. Your input is valuable to us — would you mind trying again? Send Answer Interview Answer 1 Answer ▲ 0 ▼ When inflation affects an economy, to maintain the same level of living standards you would have to pay more. That is you would have to pay more for same amount of goods and services you had used prior to inflation. Remember, your income may not increase at the same rate as inflation. At the time of inflation, financial planning becomes difficult. The reason - the value of money decreases with inflation. It would affect the pensioners more than the ones who are currently employed. People tend to save less in an economy affected by inflation because the price of services and goods are ever time high and there is nothing or very less leftover income available to save. Dan on Feb 22, 2011 Flag as Inappropriate Thank you! Your feedback has been sent to the team and we'll look into it. Oops! We're sorry but your feedback didn't make it to the team. Your input is valuable to us — would you mind trying again? Send Add Answers or Comments To comment on this, Sign In or Sign Up.