More than 80 percent of Americans are concerned about inflation, according to a survey by Skynova. The survey also indicated that 61 percent feel inflation will negatively impact their lifestyles. The findings coincide with rising costs for some goods and services, and a sense of uncertainty stemming from an economy recently hit with a pandemic. If you’ve noticed prices have gone up in your area, you may also be looking at pay deposits or checks to see if your income has fluctuated. “In economic theory, as prices rise, wages should be rising with them,” David Frederick, Director of Client Success and Advice at First Bank Wealth Management in the St. Louis, Missouri, area, told The Epoch Times. “However, this relationship between inflation and wages is not automatic and just because inflation is rising does not mean that a boss is going to offer his or her employees automatic raises.” Even …
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