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.
