The inflation-adjusted median income of U.S. households rebounded last year to roughly its 2019 level, overcoming the biggest price spike in four decades to restore most Americans’ purchasing power.
my wages have not kept up with inflation since 2020. I don’t know whos wages have but its not the case for me. granted I wfh now so that is nice buy the most I have made so far is in 2020 in relation to inflation.
I’ve never had a job where my wage kept up with inflation. My annual raise was always below inflation, and I felt lucky to get annual adjustments at all.
I suspect this is simply an artifact of math. The rich get richer and the poor get poorer, and as long as the average of the two looks good then the people in charge can nod their heads, say “good good,” then go spend a week on their yacht.
you know this is by and large true of me but my pay increased with every job change, which did happen in 2020. I wish I could change my job more often but im single income and I have to maintain healthcare.
It’s all averages and statistics can always be spun however you want, but hopefully there’s some truth to it. I don’t even know what “household income” is limited to. If more people are moving in as roommates, for example, that’s not a good thing, but does it raise the household average? I’m too lazy to look it up haha.
I mean im single income to so you know double income if one had lost a job for awhile and got it back. I could see that but as someone who has been (thankfully) steadily working. I don’t see it. Don’t get me wrong I recognize the interest rate changes since 2010 and what caused the inflation.
my wages have not kept up with inflation since 2020. I don’t know whos wages have but its not the case for me. granted I wfh now so that is nice buy the most I have made so far is in 2020 in relation to inflation.
I’ve never had a job where my wage kept up with inflation. My annual raise was always below inflation, and I felt lucky to get annual adjustments at all.
I suspect this is simply an artifact of math. The rich get richer and the poor get poorer, and as long as the average of the two looks good then the people in charge can nod their heads, say “good good,” then go spend a week on their yacht.
you know this is by and large true of me but my pay increased with every job change, which did happen in 2020. I wish I could change my job more often but im single income and I have to maintain healthcare.
I’m sorry that this doesn’t apply to you, but does that make it wrong?
no idea but its not just me but my locality. I have done better than most. This makes me suspicious any time I see stuff like this.
It’s all averages and statistics can always be spun however you want, but hopefully there’s some truth to it. I don’t even know what “household income” is limited to. If more people are moving in as roommates, for example, that’s not a good thing, but does it raise the household average? I’m too lazy to look it up haha.
I mean im single income to so you know double income if one had lost a job for awhile and got it back. I could see that but as someone who has been (thankfully) steadily working. I don’t see it. Don’t get me wrong I recognize the interest rate changes since 2010 and what caused the inflation.
Mine do but that’s because I got a new job, which is about the only way to get a raise that beats inflation these days.