The Globe and Mail reports in its Saturday edition that after inflation's recent run, many households have suffered a financial hit that could persist for years -- even decades. The Globe's Erica Alini and Matt Lundy write that the culprit is Canada's piecemeal approach to inflation indexing, where values are maintained. Many aspects of people's financial lives -- tax credits, social assistance and health benefits -- are not adjusted to retain their dollar value. For some, the loss is huge. So many aspects of people's financial lives -- tax credits, social assistance and health benefits, to name a few -- are not adjusted to retain their dollar value. The labour shortage that accompanied soaring consumer prices as Canada emerged from the depths of the pandemic has translated into gains for many workers taking up jobs with defined-contribution plans. Eager to attract recruits, many employers shortened or scrapped waiting periods for new hires to join company pension plans, or made exceptions for coveted senior candidates. In five out of 11 industries in a Sun Life survey of defined-contribution pensions and other employer-sponsored retirement savings plans, a majority of plans offered immediate eligibility to new hires.