Liberal Forum

R.Suave » 07 Mar 2024, 8:37 am » wrote: ↑

07 Mar 2024, 8:37 am

B...b...b...but NOOOOOO! Talking Points!

The cost of living is going down

The rapid disinflation under Biden is unmatched in modern history

America’s cost of living, which surged to a four-decade high during Biden’s first two years, is poised to return to its pre-pandemic level this year — when family wealth across income groups is more robust than at any point in the new century

Ibid
 



 

About two-thirds of employed Americans (64 percent) received a pay increase at some point in the 12 months since October 2022, including 38 percent who said they got a pay raise, 16 percent who indicated they found a better-paying job and 10 percent who noted they earned both, according to a new Bankrate survey. That’s up from 61 percent in the prior year’s poll, during an even stronger year for hiring. By this time last year, employers had already created almost twice as many jobs.


 But the strides Americans have been taking in their careers are getting overshadowed. More workers than last year (60 percent in 2023 versus 55 percent in 2022) say their incomes haven’t kept pace with increases in their household expenses because of inflation. Even among the workers who did get a raise or better-paying job, more than half (53 percent) say their earnings lost ground to inflation, up from 50 percent in 2022.

https://www.bankrate.com/personal-finan ... 0in%202022.