Apr 8 2023
449 – Where Is Inflation Going & What Does It Mean For You? w/ David Macdonald
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?