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.
good point. I made a commnet about it effecting everyone but there likely is the segment whos income actually has been outpacing inflation for the last 3 years.
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.
good point. I made a commnet about it effecting everyone but there likely is the segment whos income actually has been outpacing inflation for the last 3 years.
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.