cll7793@lemmy.world to Ask Lemmy@lemmy.worldEnglish · 26 days agoWhat are some financial life-hacks everyone should know?message-squaremessage-square115fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1message-squareWhat are some financial life-hacks everyone should know?cll7793@lemmy.world to Ask Lemmy@lemmy.worldEnglish · 26 days agomessage-square115fedilink
minus-squaremozz@mbin.grits.devlinkfedilinkarrow-up0·26 days agoPop quiz! What was cumulative inflation for the last 4 years, and what was the change in working class wages? Basically what I’m asking is, did people get more poor, or less poor? Were there any specific government actions that led to this outcome?
minus-squareAwkwardLookMonkeyPuppet@lemmy.worldlinkfedilinkEnglisharrow-up0·25 days agoUnfortunately the official inflation number doesn’t represent real world price increases on necessary goods, which often outpace inflation.
minus-squaremozz@mbin.grits.devlinkfedilinkarrow-up0·25 days agoThis is a common talking point, totally dishonest in this case. What are you claiming the real inflation number should be, and why are you saying the prices of what real world goods went up by that amount? Like with citations and precise numbers.
Pop quiz! What was cumulative inflation for the last 4 years, and what was the change in working class wages?
Basically what I’m asking is, did people get more poor, or less poor? Were there any specific government actions that led to this outcome?
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Unfortunately the official inflation number doesn’t represent real world price increases on necessary goods, which often outpace inflation.
This is a common talking point, totally dishonest in this case. What are you claiming the real inflation number should be, and why are you saying the prices of what real world goods went up by that amount? Like with citations and precise numbers.