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Wednesday, May 10, 2017

How Important Is It To Understand Inflation?

Inflation is like this rat, it will slowly eat away at the purchasing power of each dollar in circulation. Everything in the economy ranging from goods to services will become more expensive overtime due to natural occurrences that cause inflation.
The thing about inflation however, is that wages and salaries rise more slowly than the prices of goods and services, making it difficult for many low-income earners to keep up financially.
So how can we use our understanding of inflation to benefit ourselves?

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