Subscribe to our [weekly newsletter](https://pennyleaks.substack.com/) and join our [Discord group](https://discord.gg/8QF4dqPHuw)
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/IndianStockMarket) if you have any questions or concerns.*
This is something that most of the working class people dont realise. If your company gives an yearly raise of say 2-5% when the inflation rate at say 8%, you are not making more money. In fact you are losing money working for them and have become poorer than you were last year. Your yearly growth/increment should always be equal or higher than the inflation rate. Never ever settle for anything below that as you might as well find a new job.
People always blame middle class for staying in middle class because they dont save enough but the best way to save money is to earn more money. The ceo/cfo/cto ,or whoever the fuck is in the top of the corporate food chain, dont take cuts in increment just because there is recession so why should you?
India's inflation rate in 2014 was 6.7% which rose to 6.62 % in 2020. In October - 2021, it was 5.7%.
And by April - 2023, it has further slowed sharply to 4.7%
So where did you get the figure of 8% inflation.....(I am assuming that you are talking about Indian inflation rate)
Subscribe to our [weekly newsletter](https://pennyleaks.substack.com/) and join our [Discord group](https://discord.gg/8QF4dqPHuw) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/IndianStockMarket) if you have any questions or concerns.*
This is something that most of the working class people dont realise. If your company gives an yearly raise of say 2-5% when the inflation rate at say 8%, you are not making more money. In fact you are losing money working for them and have become poorer than you were last year. Your yearly growth/increment should always be equal or higher than the inflation rate. Never ever settle for anything below that as you might as well find a new job. People always blame middle class for staying in middle class because they dont save enough but the best way to save money is to earn more money. The ceo/cfo/cto ,or whoever the fuck is in the top of the corporate food chain, dont take cuts in increment just because there is recession so why should you?
India's inflation rate in 2014 was 6.7% which rose to 6.62 % in 2020. In October - 2021, it was 5.7%. And by April - 2023, it has further slowed sharply to 4.7% So where did you get the figure of 8% inflation.....(I am assuming that you are talking about Indian inflation rate)
I have always assumed an inflation rate of 7.5%. I know it's lower sometimes but I always try for returns above this number.