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Podcast: DebtMatters Podcast
Episode: 34 - What Is Inflation and How Will It Affect Me
Description: Inflation is defined as a decline in the purchasing power of currency over time. The inflation rate in Canada is driving up the cost of living which means your money is losing some of its value. Unless you have savings to rely upon or are someone who can demand better compensation during an inflationary period, inflation will affect your standard of living. Today's podcast features Licensed Insolvency Trustee, Daniel Maksymchak of LCTaylor discussing what impact rising inflation means to Canadians. He specifically looks at how it affects those in debt and how to make the best of w...