Even as inflation continues to cool into the second half of 2024, many Americans say they’re still struggling to make ends meet.
Roughly one-third of U.S. workers say they’re living paycheck to paycheck and have nearly no money for savings after paying their monthly bills, according to a survey from personal finance website Bankrate.
I’ve been living my whole life pay check to pay check despite being highly qualified in multiple fields, no fucking shit CBS.
I’ve been living paycheck to paycheck for twenty years now.
Because I’ve always lived paycheck to paycheck. Even my parents did when I was a kid. My rent is 70% of my paycheck. What else ya want me to fucking do?
Inflation can cool down all it wants, it’s reported year on year so prices are still much higher than 5 years ago while wages haven’t increased, deflation or huge wage increases would be necessary to make it so people would have their purchasing power back.
Wages are outpacing inflation, there’s just a lot of catching up to do.
https://www.epi.org/blog/average-wages-have-surpassed-inflation-for-12-straight-months/
% change is a pretty wild metric. It becomes unwieldy at longer time spans, and does a pretty poor job at comparisons.
Can we get like wages vs cost of living, or rent/mortgage as a percentage of income?
I thought inflation wasn’t that bad to begin with. Isn’t that what they told us? Sigh…