By Craig Erwin, Ph.D. How do firms react to the highest inflation in decades? By raising wages. Firms like Big Lots, the Gap, and Titan Machinery will raise wages. On average, firms plan for wage increases of nearly 4% in 2022. Inflation erodes purchasing power and reduces the value of your savings. What steps are … Continue reading Inflation Is Running Hot: Don’t Let It Erode Your Savings!