Dear readers, the cost of living has been going up and I think this is already no longer considered news already. The cost of living has been so evidently going up that I can literally see the increases in the prices of food I pay, the higher utilities bills that I receive and the reports and comments online of the same that I read. In fact, the higher costs of living that I experience have prompted me to write quite a number of posts about the cost of living on SG Stocks Investing that amount to a new category named none other than “Cost of Living” here.
So what’s else has been going up beside cost of living and also GST (which will increase next year)?
I think for some, enviably, their salaries may increase this year but for others who do not enjoy such higher salaries this year, one positive news is that interest rates of savings have been trending up. Just take for example, the upcoming May 2022 Savings Bonds with a ten-year annualised return of 2.09%, a high interest rate that has not been noted in recent years. This is good news for savers and this is the first thing (that is going up beside cost of living).
Next, the other thing which has been going up for me (and I am not sure for you too) is the amount of workload in my job, which was caused by the Great Resignation Wave. I see for myself, how contrary to conventional thinking, there were more colleagues from my company who resigned during the pandemic and work-from-home arrangement. Conventional thinking would have dictate that employees generally stay put in an economy fraught with economic uncertainties.
The third and last but not least, the increasing volatilities in the stocks markets. The stock markets go up and down but it is really a volatile market and investors are advised to stay away from the stocks markets
There you have, the three things that are going up beside the cost of inflation. Have a Good Day today and do remember to Stay Safe!
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