Other personal finance negatives to dwell on include the heavy load of food prices consistently rising at rates of 10 per cent compared with a year ago and high interest rates on mortgages, lines of credit and more. It’s easy to get mired down in all of this bad news because it affects so many daily and monthly financial interactions.
But a few things are going right today in personal finance, and they benefit a wide swathe of the population. In the first of what will be a periodic series in this newsletter, I want to highlight some the positives happening right now:The most recent data on wages shows a 5.4 per cent increase in February for average hourly wages compared with a year earlier. Since last November, wages have risen by between 4.5 and 5.8 per cent on a year-over-year basis. The inflation rate in February was 5.