Abstract
The aim of this study is to find the impact of inflation on savings. Primary data were collected through Questionnaire, which was administered in 300 individual consumers of different demographics. Data was analyzed through Correlation, One-way ANOVA and Independent T-Test. The findings showed that the inflation affects lower class more than middle class consumers. Impact of occupation is different for inflation: Labor & Retried consumers are affected more by inflation as compared to Govt. employees, Private employees and Business/Agriculture consumers. Findings also showed that Inflation decreases not only permanent income but also transitory income. Impact of occupation is different for permanent as well as transitory income. The mean score of Labor, Retried consumers on permanent and transitory income is less than the government employees, Private employees and Business/Agriculture consumers. Findings also showed that Inflation decreases savings and the impact of occupation is also different for savings. Labor & Retried consumers save less as compared to Govt. employees, Private employees and Business/Agriculture consumers. This research has implications for consumers, producers as well as for policy makers.
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