Credit: pla2na/Adobe Stock
Staying ahead of rising prices is much easier for workers whose income is increasing faster than the inflation rate.
"Put simply, make more to afford the rising costs of goods," according to a new report from FinanceBuzz. "If your annual raise falls below the national inflation rate, you're effectively taking a pay cut, despite a higher number on your paycheck. The extent to which this occurs largely depends on your profession."
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