Inflation may have slowed last year, but it continued to deal heavy blows — some devastating — on Americans’ livelihoods: Nearly two-thirds of US households were worse off because of it, and roughly 1 in 6 adults couldn’t pay all their monthly bills, new Federal Reserve data shows.
Here’s the thing. I’m better off than i was last year. And the year before and the year before that. With that said, 2023-2024 was less of an improvement than any of the last 5 years or so because of cost of living. So am i better off than last year? Sure. An i concerned that’s only gonna last another year or so? Very.
There will be people in here who will downvote and explain how my anecdotal experience/sample size of 1 does not invalidate all the “research” and at the same time expect you to invalidate your entire situation because the research says blah blah blah.
yeah I guess the question is are you typical. I have been losing since 20222. It was sorta end of 2021 but its the start of 2024 now so about 2 years. Mostly I have been steady since 2013. No real significant growth but no loss. There is an outlier with 2020 as I was let go with decent severance for covid but then actually found a new job in my field pretty quick and then we had the covid stimulus. So that was one of my best years ever overall. Oh also before I was let go I ironically had a lot of overtime (yes I had an enviable hourly full time tech job so got overtime but also a severance going out). That is really an outlier though. I started my current career track after moving into tech in 2000 so had a lot of growth between 2000 and 2012 as I established myself in the field. Now a good amount of effects are personal and unique to me. I would trade post 20000 though with two more 90’s economy decades but I would trade them all for the horrible 70’s if it meant our use of plastic was minimal and we still had decent regulation and taxes.
Here’s the thing. I’m better off than i was last year. And the year before and the year before that. With that said, 2023-2024 was less of an improvement than any of the last 5 years or so because of cost of living. So am i better off than last year? Sure. An i concerned that’s only gonna last another year or so? Very.
There will be people in here who will downvote and explain how my anecdotal experience/sample size of 1 does not invalidate all the “research” and at the same time expect you to invalidate your entire situation because the research says blah blah blah.
yeah I guess the question is are you typical. I have been losing since 20222. It was sorta end of 2021 but its the start of 2024 now so about 2 years. Mostly I have been steady since 2013. No real significant growth but no loss. There is an outlier with 2020 as I was let go with decent severance for covid but then actually found a new job in my field pretty quick and then we had the covid stimulus. So that was one of my best years ever overall. Oh also before I was let go I ironically had a lot of overtime (yes I had an enviable hourly full time tech job so got overtime but also a severance going out). That is really an outlier though. I started my current career track after moving into tech in 2000 so had a lot of growth between 2000 and 2012 as I established myself in the field. Now a good amount of effects are personal and unique to me. I would trade post 20000 though with two more 90’s economy decades but I would trade them all for the horrible 70’s if it meant our use of plastic was minimal and we still had decent regulation and taxes.