@agowa338 Negative interest rates and inflation do exactly that: An exponential decline of either the amount (negative interest rates) of money or the buying power (inflation) of an unchanged amount of money.

At 2% inflation per year (what ECB is aiming for):

0.98^35~0.5

So after 35 years the buying power of your money is reduced to half of what you started with. Consider this when planning for your retirement.

(Ideally, positive interest rates will undo some of the damage, inflation does.)

@agowa338 it would shaft those that can't get a mortgage or otherwise invest it!