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Good news: Salaries are set to increase by 4% this year

Thanks to surging inflation that has sent the price of consumer goods to stratospheric new heights (Erewhon’s $20 strawberries, we’re looking at you), Americans continue to feel the pinch.

This is despite the Federal Reserve’s best efforts to steady the ship and get inflation down to 2% by the end of 2023. In December 2023 it stood at 3.4%, down from a peak of 9.1% in June 2022.

Salaries that haven’t been adjusted in line with the increased cost of living are also to blame, but new…

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