Suppose you’re ready to take your career up a step, and you’re exploring opportunities in various parts of the country. You may easily be misled by the money script that a higher salary equates to a higher standard of living. As last week’s column pointed out, this is not necessarily true. What can you do […]
Tag Archives | standard of living
Inflation is a common economic term and a relatively simple concept. One straightforward definition at thebalance.com by financial journalist Kimberly Amadeo is, “Inflation is the increase in the prices of goods and services over time.” Yet applying the concept of inflation to our income and expenses in a practical way seems to be incredibly difficult.