Am I Really Getting Poorer Each Year With Raises Below Inflation?

Am I Really Getting Poorer Each Year With Raises Below Inflation?

Key Points A Reddit user is receiving raises below the inflation rate and is concerned he is losing buying power. The poster is seeing his buying power decline because if goods and services cost more but your income doesn’t increase, your money doesn’t go as far. The Redditor will need to increase his income or cut expenses. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to he…