Income that does not increase when prices go up

Fixed Income

Explanation:

This income does not increase even when prices go up. There are many benefits and downfalls to this sort of income

Income that does not increase when prices go up - Fixed Income

Explanation

Fixed Income is a type of investment where one receives a fixed payment on a regular basis like monthly, termly or annually.

Examples are annuities, money market funds, certificates of deposit, savings account etc.

There are two types of fixed income - Short-term fixed income and Long-term fixed income.

The merit of the fixed income is that the payments or dividends received from the investment are invariable, thereby making it a secure investment at a time when the stability of economy is undependable.