Inflation is now the #1 fear with “6 in 10 Canadians concerned they might not have enough money to feed their family”, according to an Ipsos poll.
Most Canadians have never experienced high inflation. It has been flat at 2% for 3 decades, but now jumped to 8% in 2022, and is now down to 5% in 2023.
Many people are asking me what is going on and can I give them some context.
Looking at inflation in the past is very helpful to understand what is happening today.
In my latest podcast episode you’ll learn:
Why is inflation scarier than a market crash?
How do inflation & market crashes affect your retirement plan?
Inflation history - the similarities between current inflation and the 70s and 80s.
Factors that are contributing to inflation.
Low unemployment and worker shortage.
What is stagflation?
Bank of Canada's role in lowering the inflation.
Ways to solve inflation
Should we be worried?
How long will it last?
How can we fix inflation?
