Archive for January 16th, 2008

Wednesday, January 16th, 2008

Inflation Grew 6.3% In 2007, Did you get a 10% Raise Last Year?

According to AP economic writer Martin Crutsinger, wholesale inflation grew at a whopping 6.3% last year in 2007. This begs the question of whether or not you got a 10% raise last year to reflect the devaluation of your pay. So let’s look at a real world example. Let’s say you get paid $50,000/year from […]

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