Investments
Inflation really weighs on returns
Friday 5th of August 2022
By Michael Kenealy, Senior Equities Analyst, Mint Asset Management
Over the 25 years pre-Covid19, average hourly earnings rose by 3.2%, while consumer prices eroded that by 1.9% on average each year. So, in real terms hourly earnings have grown at a compound rate of 1.2% (Dec 1994 – Dec 2019). Whilst it’s pretty hard to imagine or recall a floating mortgage interest...
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