#inflation

Can someone explain inflation?

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Can someone explain inflation? I believe I understand the core concept of inflation (too much money chasing too few goods), and how it is fueled by an increasing money supply and low interest rates (increasing credit to consumers). However, in times like right now, where the Fed is decreasing its balance sheet, lowering the money supply, increasing interest rates, all the whi…

Reddit Personal Finance 263 2023-08-21

Is everyone in the same boat with wages not keeping with inflation?

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Is everyone in the same boat with wages not keeping with inflation? I’m really unsure what I should do. I started my job as a fresh college grad in 2020 and was offered a salary of $65k. Since then I’ve received 2% raises for 2021 and 2022 and am waiting to see what the raise will be for 2023 but I doubt it will be more than 2%. My current salary is $67k but if I put my 2020 salary into an inflation calculator…

Reddit Personal Finance 231 2023-07-14