inflation
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Sellers Are Already Lowering Home Prices in These Cities
As inflation and interest rates rise in tandem, the price of homes in certain United States cities begun to fall — or at least level off. According to Redfin Real Estate News, an increasing number of home sellers began lowering their asking prices this month, signalling a cooling in the recently red-hot housing market. Redfin…
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How to Buy a Car If You Absolutely Have to in This Inflation-Ridden Hellscape
1You may have noticed that the dollars in your wallet seem to suddenly be worth something less than a dollar. For that, you can thank inflation, a measurement of decreasing purchasing power. The current U.S. inflation rate is 6.8%, which is the highest it’s been in forty years. What that means in practical terms is…
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Why Right Now Is the Best Time to Ask for a Pay Raise
With the labour market tilted in favour of job seekers, it’s time to consider asking for a raise. Your employer is much more likely to agree versus earlier in the pandemic, and you can make a convincing case that rising inflation has weakened the purchasing power of your wages. Here are some tips to keep in…
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How ‘Shadow Equity’ Can Get Your Wages Back On Track
For the past half-decade Australian wages have barely moved after adjusting for inflation. In the United States the picture is far bleaker — the real wages of average workers have changed little in 40 years. Not so for US chief executives. In 1965 the heads of America’s 350 biggest companies earned 20 times what the…