Category: Financial Planning
How does Inflation affect your Financial Planning
Inflation is indeed a hot topic currently. In the U.S. inflation has jumped to 8.6% in May, the steepest increase since year 1981. Inflation in UK even hit 9.1% in the month of May, at a 40 year high. Singapore consumer price index (CPI), on the other hand, rose by 5.4 per cent year on…
INFLATION runs way faster than SALARY increment, Do you have a solution on this matter ?
I believe when you went out to buy lunch or vegetables, most of the price has increased. When asked, they will reply : “We do not have a choice, material cost has increased too”. So what’s left for us as a purchaser ? Who will then bear our cost ? What’s worst is the portion…