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Leonard Pokrovski

added blog Personal Finance
2025-12-12 22:29:53 -

How Do Cost-of-Living Adjustments (COLA) Work?
How Do Cost-of-Living Adjustments (COLA) Work? What Is Next Year’s COLA? Everyone notices how prices for groceries, rent, gas, and other essentials seem to climb over time. When prices go up, fixed incomes — like pensions, government benefits, and some retirement plans — lose real value unless they are adjusted. That’s where cost-of-living adjustments, or COLAs, come...

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Leonard Pokrovski

added blog Personal Finance
2025-11-18 21:14:52 -

What Is Inflation and How Does It Affect My Money?
What Is Inflation and How Does It Affect My Money? Inflation is one of those economic terms we hear constantly—in the news, at the grocery store, or when discussing personal finances. But what does inflation actually mean, and why does it seem to influence almost every part of our financial lives? This article breaks down what inflation is, why it happens, how it’s measured, and...

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Leonard Pokrovski

added blog Money
2025-09-17 20:03:15 -

What is Inflation?
What is Inflation? Inflation is a term you’ve probably heard in news headlines, economic reports, or even casual conversations about rising prices. At its core, inflation refers to the general increase in the prices of goods and services over time, which reduces the purchasing power of money. In other words, when inflation occurs, each unit of currency buys fewer goods and services than...

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