16 min listen
If you didn’t get a big raise, you probably got a pay cut
FromThe Decibel
ratings:
Length:
19 minutes
Released:
Dec 27, 2022
Format:
Podcast episode
Description
As part of our picks of the top stories of 2022, we are re-airing this episode on inflation, which originally aired on April 20.With inflation eating into people’s bank accounts, some people are starting to wonder: Hey, is my paycheque shrinking? And according to a new report from the Canadian Centre for Policy Alternatives, it is.Economics reporter Matt Lundy explains how inflation is resulting in a pay cut for most Canadians and what – if anything – you can do about it.Questions? Comments? Ideas? Email us at thedecibel@globeandmail.com
Released:
Dec 27, 2022
Format:
Podcast episode
Titles in the series (100)
1.7 million warned they may have to pay back CERB relief: Three million people lost their jobs at the beginning of the pandemic. In response, the federal government introduced the Canada Emergency Response Benefit (CERB). The program provided $2,000 a month for up to seven months to people living in Canada that had stopped working because of the COVID-19 pandemic. The government paid out $81.6-billion to almost 9-million people. Two years later, 1.7 million people may have to pay some of that money back. And it’s not because of a mistake they made on their application. Erica Alini is a personal finance reporter at the Globe and she tells us why some people are being asked to pay back money, how to figure out if you are one of those people and how this isn’t the first time there’s been confusion around CERB. by The Decibel