Good news: savings rates are way up. That's the end of the good news.
In my experience - and likely yours too, Nick - we can't remind clients (or anyone else who will listen) of this fact often enough:
"Purchasing power is the only metric that matters."
Another entertaining read...
Thanks, Russ. And today in the UK the price of a Royal Mail first class stamp went up by 10p, to 135p. Thirty years ago the exact same item with the exact same utility was 24p.
Petrifying!
Here in the colonies, we've seen about a double over the last 30 years:
https://about.usps.com/who/profile/history/domestic-letter-rates-since-1863.htm
And our postal service is still a money-losing endeavor...
In my experience - and likely yours too, Nick - we can't remind clients (or anyone else who will listen) of this fact often enough:
"Purchasing power is the only metric that matters."
Another entertaining read...
Thanks, Russ. And today in the UK the price of a Royal Mail first class stamp went up by 10p, to 135p. Thirty years ago the exact same item with the exact same utility was 24p.
Petrifying!
Here in the colonies, we've seen about a double over the last 30 years:
https://about.usps.com/who/profile/history/domestic-letter-rates-since-1863.htm
And our postal service is still a money-losing endeavor...