Although U.S. Inflation in Aug 2022 have beaten estimates by rising to 8.3%, one can still buy up to $10,000 worth of I-Bonds per year to help them cope with the high inflation.
Unlike in the U.S., there is no I-Bonds in Singapore. Also, the saving deposits and fixed deposit rates are not high enough to match the Singapore Inflation rate of 7% (Jul 2022)!
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However, Mooers living in Singapore can still deposit their money into...

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The 1800s
In the 1800s, the wealthy in the US used trust structures (known as the Massachusetts Trust) to avoid double taxation. As trusts were not corporates, they did not attract corporate taxes as long as the income derived was distributed to their beneficiaries...