Soaring inflation means it is cheaper to eat meat than to eat veggie roasts this Christmas, but what does it mean for clients going into 2023?
Myron Jobson, senior personal finance analyst for Interactive Investor, talked to FTAdviser editor Simoney Kyriakou about whether inflation will persist into 2023, and what this means for clients over the next 12 months.
He said: "Inflation is having a tangible impact on everyday expenditure. And wage growth is failing to keep up with it.
"So advisers should be having conversations with their clients about their cash pots. Do they have enough to deal with life's little emergencies - we call it the 'broken boiler' pot.
"They should also remind clients that high inflation is hopefully only a short-term thing and they should encourage clients to save more for the future and build wealth."
To watch the full 4-minute video, click on the link in the image above.
simoney.kyriakou@ft.com
