We often think about how food prices and income struggle to keep up with inflation, but what about things like pensions and benefits? Are they keeping pace with inflation? The Globe’s Erica Alini and Matt Lundy crunched the numbers, and found that pensions and benefits often aren’t stretching as far as they used to – and it has to do with something called indexation.
Today, personal finance reporter Erica Alini joins us to explain inflation indexing, where we’re seeing it and where we’re not, and what impact that’s having on your finances.
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