235
Americans are paying more because companies raised prices during the pandemic and never decreased them, pocketing the extra.
Welcome to the new norm. We're all getting fucked.
Also I received no raise in 3 years so it double fucks me.
You have to advocate for yourself. If you don't get a raise they're effectively paying you less, even as you get more experience, because of inflation.
Time to decrease your output by the percentage rate of inflation.
Already done I sit and read a book all day long.
Carefully, he's a hero!
Why do these news corporations keep misspelling "corporate greed"?
What a terribly written article. It makes it sound like all Americans suddenly have mortgages at the current 7％ when reality is most are sitting with current loans in the 3％ range and much lower payments. This headline assumes everyone is paying the current rates.
~~Most Americans pay rent, not mortgage. Rent changes every year/when the lease renews.~~
Edit: I was wrong: https://www.rubyhome.com/blog/homeowners-vs-renters-stats/#:~:text=65.8%25%20of%20the%20U.S.%20population,own%2C%20and%2034.2%25%20rent.
$709 isn't even exaggerating.
My rent alone increased by that much in the past two years.
Add to the $150-$300 more for groceries.
Every restaurant visit averages about $30 per person. Fucking McDonald's is like $10 for a meal.
I no longer do UberEats or take an Uber, because they doubled in fees.
Same as it ever was
Nah bro. It's actually getting worse.
That certainly explains why my savings is going the wrong direction despite no lifestyle changes.
Damn.
tldr: Inflation was 9% last year, and 3% this year
all this free profit for them is what is keeping the stock market inflated. but that's getting ready to come down now too..
Median weekly earnings for full time workers were $899 in Q1 2019, $1107 in Q2 2023.
That's $3895/mo to $4797/mo, so the median full time worker is earning an extra $902/mo in that time span.
I don't know how he was calculating "typical household" or what quarter he was working with, my point is that the net dollar amount is pretty misleading for an article headline. It sounds like the typical household is $700 worse off, but they definitely are not.
We have an appropriate measure for answering this question, real wages. It's below pre-pandemic numbers but it's catching up as wages are currently rising faster than inflation.
The time period was over two years, not four. Two years ago it was $996/week in Q2 of 2021. That's $4316/mo or a $481/mo increase in that span. Still not $700 a month worse off, but they are worse off.
I think you are reading the "stuck at 2019 levels" and reading that as the starting point of their assertion.
this post was submitted on 14 Aug 2023
235 points (96.8% liked)
News
23310 readers
3584 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS