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Christopher Mariani, October 10 2022

What is the real cost of inflation? 

Annual inflation is now running at a rate of approximately 9%. Average annual pay increases are approximately 5%. However, after taxes the net on pay increases is approximately 3.5%. Therefore, disposable income drops by 5.5% a year. Consider this impact over 5 years where disposable income drops by 27.5%. This is devastating to any household income. The best way to counter this cost of living increase is to find a position that pays more. At Resumes Etc, our goal is to find you that job. We have helped thousands of clients to land positions with substantial pay increases. To learn more, give us a call and start your path to more money.

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Christopher Mariani

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