Latest news with #purchasingpower
Yahoo
15-07-2025
- Business
- Yahoo
Juventus and Smart Good Things Holding announce new collaboration
Juventus and Smart Good Things Holding announce the launch of a new collaboration, through which Smart Good Things Holding introduces the app J Pay by Smart Wallet - an innovative payment method designed to protect and enhance the purchasing power of all its users. It's a 100% free, cutting-edge solution that will allow users to make online purchases while benefiting from a wide range of advantages. Thanks to the Smart Wallet solution developed by Smart Good Things Holding, the J Pay by Smart Wallet app and website will be available starting from 15 July, initially for French fans, and subsequently for Italian users. Advertisement By adopting J Pay by Smart Wallet as a payment method, users will automatically and effortlessly build a personal wallet. This wallet, which will be fully operational by the end of the year, will provide access to services and benefits aimed at sustainably enhancing purchasing power, both for oneself and for others — a new, intelligent way to consume. It's a tangible way to demonstrate that innovation can be useful to all, and that every action can make a difference. A simple, accessible, and completely free app UseJ Pay by Smart Wallet for your everyday purchases. With each transaction, your wallet balance grows automatically. Choose how to use your wallet: to purchase services or enjoy a variety of benefits for yourself and your loved ones. 'We are pleased to announce this partnership with Smart Good Things, which once again confirms our commitment to innovation,' said Maurizio Scanavino, Chief Executive Officer of Juventus. 'A company that, like us, is driven by the desire to be at the forefront and to look toward the future with enthusiasm.' Serge Bueno, Chairman and CEO of Smart Good Things Holding, said, 'With this partnership, we demonstrate that protective economics can extend to sport and reach millions of people around the world. J Pay by Smart Wallet is the symbol of this vision.' Advertisement Tony Parker, Deputy CEO of Smart Good Things Holding, added, 'This project goes beyond football: it brings together a community of shared values and common solutions to improve everyday life.'
Yahoo
02-07-2025
- Business
- Yahoo
This Was the Salary Required To Be Upper Middle Class in 2015
Many people aspire to join the upper middle class and make enough money to cover their expenses while keeping up with regular monthly investments. The bar has steadily gotten higher due to inflation, and it's a testament to how fiat currencies lose purchasing power over time. Explore More: Read Next: For instance, data from Pew Research suggests that you had to earn more than $169,800 per year in 2022 to be a part of the upper middle class. That's $194,149.55 in today's dollars using the CPI Inflation Calculator provided by the U.S. Bureau of Labor Statistics. We can use this same calculator to determine how much people had to earn each year to be a part of the upper middle class in 2015. The CPI Inflation Calculator indicates that a $142,622.89 salary was enough to be considered a member of the upper middle class in 2015. That comes to $11,968.57 per month. Expenses are always lower if you look back a few years due to regular money printing. That's why a salary that was good enough a decade ago may no longer be sufficient. However, it's important to note that the pandemic resulted in record money printing, which led to significantly higher inflation for a short period of time. Check Out: Inflation wasn't too bad before the pandemic, as it mostly hovered between 2% and 3% each year. However, 2021 to 2023 made living costs significantly higher. Here's the breakdown of how much buying power $169,800 in 2022 had in the following years: 2015: $142,622.89 2016: $145,086.87 (reasonable inflation growth rate) 2017: $147,807.07 2018: $151,947.17 2019: $154,667.37 2020: $154,849.76 (notably low inflation due to lockdowns reducing how much we spent, but this is an anomaly) 2021: $162,580.96 2022: $169,800 (the original figure used in this calculation) 2023: $183,678.22 (substantial increase) 2024: $189,682.72 (still a big increase that starts to moderate) 2025: $194,149.55 (further moderation in the growth rate) Higher living costs have been the norm for decades. The best way to deal with inflation is by investing in assets that grow at a faster rate than inflation. Other strategies involve working harder and smarter, which require short-term and maybe even long-term sacrifices, depending on your financial situation. Some people may have to work longer hours or consider weekend shifts. Developing career skills that can help you get a higher-paying job can help you earn more money while working less. A side hustle may also be necessary. You can eventually turn some side hustles into full-time career opportunities if you stick with them. It may also be worth job hopping. You can get a higher salary with a different company, and if you like your current company, you can use a new job offer as leverage to get a higher salary. Cutting costs is another great strategy, but there are limits to how much you can cut. Focusing on income growth is the best way to combat rising inflation. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 6 Hybrid Vehicles To Stay Away From in Retirement 8 Common Mistakes Retirees Make With Their Social Security Checks This article originally appeared on This Was the Salary Required To Be Upper Middle Class in 2015
Free Malaysia Today
24-05-2025
- Business
- Free Malaysia Today
Indonesia to launch stimulus measures to boost spending
Chief economic minister Airlangga Hartarto said the launch timeframe would provide momentum to boost purchasing power. (EPA Images pic) JAKARTA : Indonesia plans to announce economic stimulus measures on June 5 to revive activity and boost consumer purchasing power, hoping to push economic growth to around 5% this quarter, the coordinating ministry of economic affairs said on Saturday. 'These programmes are prepared to encourage growth by increasing consumption,' chief economic minister Airlangga Hartarto said in a statement, adding that launching the measures before a school holiday starting in late June would provide momentum to boost purchasing power. Southeast Asia's largest economy grew 4.87% in the first quarter from the same period last year, its weakest in more than three years. The central bank trimmed its 2025 growth forecast to between 4.6% and 5.4% from a 4.7%-5.5% range. The ministry is still calculating the size of the stimulus package, which is meant to boost growth in the second and third quarters, a spokesperson said. The incentives include a 50% discount on electricity bills for around 79.3 million households and food handouts for 18.3 million lower-income households in June and July. The government also plans to give cash transfer for low-income workers and a discount on work accident insurance for workers in labour-intensive industries. To boost tourism, the government said there will be discounts on airfare, train and sea transportation rates during the school holiday, which runs through mid-July, and discounts on highway tolls for 110 million users in June and July, the ministry said.
