return2ozma@lemmy.world to News@lemmy.world · 4 months agoAmericans can no longer afford a summer vacationwww.newsweek.comexternal-linkmessage-square65fedilinkarrow-up142arrow-down12
arrow-up140arrow-down1external-linkAmericans can no longer afford a summer vacationwww.newsweek.comreturn2ozma@lemmy.world to News@lemmy.world · 4 months agomessage-square65fedilink
minus-squareIHeartBadCode@kbin.runlinkfedilinkarrow-up6·4 months agoHigh inflation: I’m losing money faster. Low inflation: I’m losing money slower. That’s how it should be read. Despite negative perceptions on the state of the economy, people are losing money a lot slower than its June 2022 peak of losing a shit ton of money per quarter.
minus-squaregivesomefucks@lemmy.worldlinkfedilinkEnglisharrow-up4·edit-24 months agoRather than losing money, it’s technically more correct to say that we’re earning less. The real trick is converting to purchasing power of individuals and showing the trend overtime. Like the average/median purchasing power of an American year by year. Not just purchasing power of a dollar, but of the average salary. Edit: Are down votes because I didn’t mention savings? Like 50% have less than $500, over a third have less than $100 This functionally isn’t a problem for most so I ignored it considering the focus is on poverty and not how I flation effects the wealthiest.
High inflation: I’m losing money faster.
Low inflation: I’m losing money slower.
That’s how it should be read.
Rather than losing money, it’s technically more correct to say that we’re earning less.
The real trick is converting to purchasing power of individuals and showing the trend overtime.
Like the average/median purchasing power of an American year by year. Not just purchasing power of a dollar, but of the average salary.
Edit:
Are down votes because I didn’t mention savings?
Like 50% have less than $500, over a third have less than $100
This functionally isn’t a problem for most so I ignored it considering the focus is on poverty and not how I flation effects the wealthiest.