449 –  Where Is Inflation Going & What Does It Mean For You? w/ David Macdonald

449 – Where Is Inflation Going & What Does It Mean For You? w/ David Macdonald

Author: Doug Hoyes April 8, 2023 Duration: 37:22

We are no strangers to inflation, with the cost of living soaring to new records. But what's really causing inflation? Where are our dollars going and what's the impact on the economy? On today's podcast, David Macdonald, a senior economist at the Canadian Centre for Policy Alternatives, returns to discuss his research on why we see inflation and who benefits. David also shares his thoughts on employment, where wages are headed, and whether credit card debt will continue to trend upwards. Tune in for a very informative discussion!

Related Links:

Podcast 319: CERB Transition to EI https://youtu.be/piEhsYgWU8I

Podcast 114: Basic Income, Is it a Silver Bullet for Poverty? https://youtu.be/mi3tWjg1bC4

Where Are Your Inflation Dollars Going Report: https://policyalternatives.ca/publications/reports/where-are-your-inflation-dollars-going

David Macdonald on Twitter: https://twitter.com/DavidMacCdn

Canadian Centre for Policy Alternatives: https://policyalternatives.ca/
Episode 435 December 31, 2022, Year-End Predictions show, https://youtu.be/3i22JpmcozY
Statistics Canada Consumer Price Index Portal: https://www.statcan.gc.ca/en/subjects-start/prices_and_price_indexes/consumer_price_indexes

Statistics Canada. Table 18-10-0004-01  Consumer Price Index, monthly, not seasonally adjusted https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1810000401

 

Time Stamps:

1:34 What is Inflation and Where Is It Going

5:10 Who Benefits From Inflation?

12:42 Wages vs. Inflation

16:27 Is Unemployment Actually Low?

18:48 Why We Didn't Have the Great Resignation in Canada

24:30 Is Now the Best Time To Change Jobs?

27:10 Will Credit Card Debt Keep Going Up?


Doug Hoyes sits down each week with a different specialist to untangle the complicated feelings and hard numbers around owing money. The conversations in Debt Free in 30 move beyond simple scare tactics or dry theory, focusing instead on actionable strategies for managing debt, rebuilding savings, and making informed investing choices. You’ll hear from trustees, financial planners, and counselors who explain concepts in plain language, stripping away the industry jargon that often leaves people feeling overwhelmed. Whether it’s navigating a consumer proposal, understanding credit scores, or starting to invest with a tight budget, this podcast provides a clear-eyed look at the steps toward financial stability. Doug’s approach is grounded and pragmatic, reflecting his deep expertise in the field, making each episode feel like a direct consultation with a knowledgeable guide. Tuning in regularly offers a consistent source of demystified advice, turning what can be a stressful topic into a manageable process. It’s that blend of expert insight and relatable conversation that defines this particular personal finance podcast.
Author: Language: English Episodes: 500

Debt Free in 30
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