this post was submitted on 29 Nov 2023
78 points (96.4% liked)
Personal Finance
3803 readers
1 users here now
Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!
Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
What a puff piece. Cherry pick the highest inflation numbers, discount the equally-relevant wage side of the equation, end with a single person's story instead of numbers.
Wages have been growing faster than inflation for a year and a half. They're not caught up to all the inflation we have seen since the pandemic (yet) but they're on the way. Completely ignoring that is bad reporting.
Can you show your sources about wages growing faster than inflation over the last year and a half?
https://fred.stlouisfed.org/series/LES1252881600Q