Inflation has been running at four-decade highs for months now.
At first, it felt like a novelty.
But after months with no clear end in sight, it gets uncomfortable quick.
Price hikes are never easy to take, but you can absorb the majority of them in your prime working years. You get raises or cost of living increases that keep up with inflation.
But when you’re retired and living on a fixed income, you can’t depend on a promotion to stay ahead.
That’s why dividend growth is more important than raw yield.
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