'Dead money': 3 financial advisors reveal where they're parking cash as inflation hits a 3-year high

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• Nicholas Bunio has been delaying larger discretionary purchases due to inflation, including a new set of golf irons the prior year and a telescope in the current year.

  60% confidence

• Inflation has definitely changed the way many people think about day-to-day spending and long-term planning.

  60% confidence

• Andrew Herzog canceled his lawn weed treatment and fertilization service due to inflation pressure, stating that pursuing a perfect lawn is no longer viable.

  60% confidence

• Andrew Fincher's response to inflation is to focus on cash flow efficiency — reviewing recurring expenses more closely, being more deliberate about large purchases and keeping a higher emphasis on value rather than convenience spending.

  60% confidence

• Financial advisors are increasingly seeking places to park cash that can preserve purchasing power rather than letting savings become 'dead money'.

  60% confidence

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