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If your salary hasn't been matched to inflation - you lost.
Assets went up in value (they went up because of the inflation), but if you don't own a home or a even a car- you lost.
If your salary hasn't been matched to inflation - you lost.
Assets went up in value (they went up because of the inflation), but if you don't own a home or a even a car- you lost.
Understood, but I'm wondering why the previous poster thinks that all salaried people have lost out when that's clearly not the case.
For a bunch of people considered by many on CD to be congenital idiots, the Ds have a lot power and control.
Looks like smart competent people would figure out how to guard themselves from the follies of nitwits.
It's like being trapped on the Titanic with Joe at the wheel.
I voted worse off but day to day I am basically the same. Inflation was bad for me as I got caught building a house last year. Lumber more than doubled and it added around 40% to the cost because of materials. On the bright side that is over so I don't need to hold back on some of that yummy $8 bread with a side of generic Raisin Bran.
Two years ago Trumps polices set the stage for inflation and Bidens policies are making it worse. Trump increased it with his $600 a week handouts. Inflation is the money supply.
But yea Team!
Yes Trump was better than Biden. Yes Trump was a bad President.
Was it Trump policies that set all this pain in motion or was it the pandemic and the Democrats response to it? Trump didn't want to shut down the economy but the Dems used Covid as a political weapon against Trump and America.
Biden caused all of this inflation and everything else on day one. He could have chosen to build on top of what Trump had started and made it better but no. He cancelled it all out of spite with his EO's.
Biden is the worse of all time but was Trump really that bad or were they, the Lefty media just telling us he was?
I think we all need to ask ourselves as we fill out those ballots, Are we better off today than 4 years ago?
The Democrats have messed everything up so badly they have nothing to run on except the push to murder babies.
I got a raise this year. 4%. Yay. But my husband and I spend 750 per month on groceries vs 600. It costs us 65 to fill up our car instead of 40. Electric is up. Car insurance is up. Everything is up - except for my 401K that is now down YTD -17%. Retirement no longer looks bright.
Can you give me an example, how its not the case? Unless your boss gave you a 20% raise for the 2022 year?
Not me. My spouse, and, yes, he has received two promotions in the last two years, and we weren't exactly hurting at the beginning of all this. We're not the only ones. That doesn't mean that an awful lot of people aren't in a tough spot right now, but it's not everyone, as the survey that launched this discussion reveals.
Not me. My spouse, and, yes, he has received two promotions in the last two years, and we weren't exactly hurting at the beginning of all this. We're not the only ones. That doesn't mean that an awful lot of people aren't in a tough spot right now, but it's not everyone, as the survey that launched this discussion reveals.
Were his promotions matched for inflation? (i.e., standard 20% promotion + 20% for inflation). Getting a promotion doesn't equate to a match for inflation. No major corporations have started to give cost of living adjustments for inflation.. yet.
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