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Will Inflation Make a Return Again?
Manage episode 399286707 series 3504934
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In today's podcast, Mark talks about inflation and whether it will return.
Although inflation has come down, prices remain high and many people are struggling to afford daily essentials. Prices have risen by an average of 4% since December 2022 and will continue to rise if inflation remains positive.
The big question on everyone's mind is whether prices in the UK will ever come back down. Mark believes that they will never return to their previous levels. Therefore, it is essential to have multiple sources of income, and earning money every month from properties is a great way to achieve this.
Unemployment has increased since interest rates spiked, with over 200,000 people losing their jobs between May and July last year. Mark emphasises the importance of getting into the property market as soon as possible, as delaying it could be too late.
UK households hold around £22bn of unpaid essential bills, and mortgage payments have only increased, resulting in higher rents. This has led to an increase in the cost of living, which can only be resolved when rates come back down, and wages increase.
What will you do to make a change? Are you willing to take risks? It all begins with you.
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