Inflation hits home. Unlike world news, which reports on developments overseas, clients feel the squeeze of inflation in their daily lives. It’s as if someone said “Prices are rising. Deal with it.”
Although we know clients on a fixed income are hit hardest, most clients probably draw a paycheck that doesn’t bump up in line with inflation. It probably stays the same. How can they adjust their budgets?
Sometimes the guidance advisors provide can be described as simple common sense. The advice is still appreciated.