cll7793toAsk Lemmy@lemmy.worldEnglish·2 months agoWhat are some financial life-hacks everyone should know?message-squarearrow-up192arrow-down12message-square119fedilink
arrow-up190arrow-down1message-squareWhat are some financial life-hacks everyone should know?cll7793toAsk Lemmy@lemmy.worldEnglish·2 months agomessage-square119fedilink
minus-squaremozzarrow-up5arrow-down2·2 months agolinkfedilinkPop 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-squareAwkwardLookMonkeyPuppetEnglisharrow-up1arrow-down2·2 months agolinkfedilinkUnfortunately the official inflation number doesn’t represent real world price increases on necessary goods, which often outpace inflation.
minus-squaremozzarrow-up2arrow-down1·2 months agolinkfedilinkThis 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.