NBC News: Are you better off than you were four years ago?
- Thread starter alaskanseminole
- Start date
I just double checked and from 6/25/2020 to 6/25/2024 it’s up 82%. So not quite doubled. But pretty darn close. And it’s not something we started recently. We started it in September 2001. So it’s a pretty significant gain.
Maybe?
On one hand, I had a sh** ton of money because everything was closed, so it was just work, pay bills and save money.
Now, I'm working even more, and somehow have less money and more bills, and it's not like I'm living the extravagant life over here.
And I'm not even married or have to deal with kids.............
Don’t get me started on taxes. Plus the wife has a spending problem. We have Amazon packages arriving daily.
Which is why, again, I propose we all make a list of things that aren’t a president’s fault. Things where both sides can agree so we could maybe argue policy instead of hypocrisy. Gas prices, for starters. The constant nonsense in the Middle East for another.
Both sides should agree on letting Iowa win a national championship.
To suggest otherwise would be un-American.
Good catch. Those numbers are upside down.
Should be -
- In 2023, the average rate of inflation was 4.1%. My investments earned 14.03%
- In 2022, the average rate of inflation was 8.0%. My investments lost 13.33%
- In 2021, the average rate of inflation was 4.7%. My investments earned 11.84%
- In 2020, the average rate of inflation was 1.2% My investments made 6.75%
Yep I get that national average increase every year as well which isn’t even close to what inflation is.
Yep the same job I had before we got a new president and somehow we’re falling behind financially. The wife even got a different job during that time that pays a little bit more.
So like I said, people on here are full of shit, which I know they are. Or they got much larger raises than the average, got lucky with a new job or are nearing or at retirement with less bills. Which doesn’t mean the economy has gotten better for them.
I think it's pretty good for the upper middle class on up. Everyone else is treading water with inflation and high interest rates/housing costs.
4 years ago my kids had just had the end of their school year cancelled, which was not great. BUT all the extracurricular activities were cancelled and our weekends in the summer were free, it was fantastic! My retirement accounts were briefly in the tank but recovered fully by the end of 2020 until they tanked again in 2021, and have now again recovered to 2020 levels. So I lost some maturity time but these things happen.
Prices of everything are way up over 4 years ago, and my income has not outpaced that rate of increased expense.
So Better off? No. But we're ok.
Prices of everything are way up over 4 years ago, and my income has not outpaced that rate of increased expense.
So Better off? No. But we're ok.
Working for a bank I can confirm the popular vote on here is not the norm for the general population. I’d say about 3/4 of our customers have less money in the bank than they did before Covid.
I just checked and I'm up 52.13% over the last 4 years. 82% is outstanding. I started in 1999 although I didn't get serious about it until around 2010. Granted, I think our investments all plummeted during early 2020 (thanks a lot, Biden) which is why we see the big gains over four years. It's only 13% for me over the last 3 years.
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Not really. People on the low end of the wage scale have made very good gains in the past few years.
Lots of people on here yearning for the days when inflation was 2% and their pay increases were, maybe, 3% vs now when inflation is 3% and pay increases have been about 5%.
It's really more about interest rates being back near historical averages after being artificially low for a long time. Same with inflation being so low for so long, the pandemic and subsequent supply chain issues disrupted that and now things cost more so people have to actually shop around for deals, use coupons, or maybe put off purchases which is not out of the ordinary either.
It's not as easy in the middle and upper middle class as it was previously so we have a lot of whining even though it's still pretty good.
They're still feeling the effects of the 9% inflation a couple years back and hosing cost increases. They're making headway now, but lost ground for a couple years.
Rents jumped 30.4% nationwide between 2019 and 2023, while wages during that same period rose 20.2%, according to a recent analysis from online real estate brokers Zillow and StreetEasy. The gap between wage growth and rent increases was widest in large cities, including Atlanta; Charlotte, North Carolina; and Miami, Phoenix and Tampa.
Rents are rising faster than wages across the country, especially in these cities
The median U.S. rent now hovers around $2,000 a month, consuming a growing chunk of people's paychecks.
www.cbsnews.com
He doesn't understand that the gains they are making now is a result of how far behind they were.They're still feeling the effects of the 9% inflation a couple years back and hosing cost increases. They're making headway now, but lost ground for a couple years.
Rents jumped 30.4% nationwide between 2019 and 2023, while wages during that same period rose 20.2%, according to a recent analysis from online real estate brokers Zillow and StreetEasy. The gap between wage growth and rent increases was widest in large cities, including Atlanta; Charlotte, North Carolina; and Miami, Phoenix and Tampa.
Rents are rising faster than wages across the country, especially in these cities
The median U.S. rent now hovers around $2,000 a month, consuming a growing chunk of people's paychecks.
Everyone was affected by the spike in inflation but the lower wage earners had bigger gains during that time and they have been continuing. That's not to say they aren't more affected than others but that's due to having far less savings as a safety net.They're still feeling the effects of the 9% inflation a couple years back and hosing cost increases. They're making headway now, but lost ground for a couple years.
Rents jumped 30.4% nationwide between 2019 and 2023, while wages during that same period rose 20.2%, according to a recent analysis from online real estate brokers Zillow and StreetEasy. The gap between wage growth and rent increases was widest in large cities, including Atlanta; Charlotte, North Carolina; and Miami, Phoenix and Tampa.
Rents are rising faster than wages across the country, especially in these cities
The median U.S. rent now hovers around $2,000 a month, consuming a growing chunk of people's paychecks.
The point continues to be that the economy has been good to very good despite what some are trying to paint it being.
LOL - you talking about what others don't understand. Your thread from yesterday didn't go quite like you wanted - it was wise of you to bail.
Fact is lower wage earners have had their incomes increase significantly in the past few years and is outpacing inflation. That wasn't the case before that.
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You mean the one you cried to the mods and got nuked? Lol.
Post your link from that thread showing us how great they have been doing since 2020 again would ya.
WTF are you talking about? I have never contacted the mods you lying ****.
Here's the thread - there are 3 links in it.
https://iowa.forums.rivals.com/threads/this-will-not-be-beat.445813/#post-12228705
You disappeared like you often do when your ass has been handed to you.
This one:
After the longest period in history without an increase, the federal minimum wage today is worth 29% less than 15 years ago–and 39% less than in 1968
I disappear in Tuesday nights to play golf dipshit.
100% agree. Unfortunately Congress would need to act like adults for a change so it can trickle down to us through media......
You lying piece of shit. Never once have I ever contacted a mod.
Where TF did that come from? And what relevance does it have to what people are actually being paid? It's a separate subject that highlights a different issue - that the Federal Minimum Wage has not increased since 2009. Of course it buys less.
Those responses were started just after 1 pm on a thread you started at 12:43 pm. You ran away like the coward that you are.
Well I mean that was your fault you were inside at this time four years ago. Being part of the Covid Cult will do that to a person.
Which link and which post number did I write those words?
You're a lying piece of shit.
A tight labor market and state minimum wage increases boosted low-end wage growth between 2019 and 2023
The labor market recovery from the pandemic recession has been tremendous and low-wage workers have been key recipients of those gains, with dramatically fast real wage growth between 2019 and 2023 as we found in our recent report. These gains were due in part to several large spending bills...
www.epi.org
Was the link you provided in post 11 of the thread yesterday. That quote comes directly from that.
Which is why I was laughing at you yesterday for providing something that contradicts what you were saying.
Dumbass.
Of course - so your claim that it was a direct quote of me is another lie.A tight labor market and state minimum wage increases boosted low-end wage growth between 2019 and 2023
The labor market recovery from the pandemic recession has been tremendous and low-wage workers have been key recipients of those gains, with dramatically fast real wage growth between 2019 and 2023 as we found in our recent report. These gains were due in part to several large spending bills...
Was the link you provided in post 11 of the thread yesterday. That quote comes directly from that.
Which is why I was laughing at you yesterday for providing something that contradicts what you were saying.
Dumbass.
You're too stupid to recognize the message - wage growth was 7% even where there was no minimum wage increase AT THE STATE LEVEL. Everyone knows that the federal minimum wage hasn't increased and that is a separate issue and irrelevant to this discussion. This is about low wage worker's wages rising faster than inflation which that link, and the others I provided, clearly demonstrate.
So which mod did I go to and which thread did I get nuked? If you are found to be lying about that do you agree never to post on here again?
Of course, even if you agree to that you wouldn't honor it because you're a worthless, lying piece of shit.
People with assets have been killing it over the last 4 years primarily due to the stock market and real estate prices. Thousands if not millions of business owners took advantage of the PPP programs to line their pockets as well.
People without assets struggled for a couple of years because of inflation, but unemployment has been basically nonexistent for the past 3 years and over the past 2 years wage growth has exceeded the rate of inflation, particularly in the lowest wage groups.
www.epi.org
All in all Americans are probably better off, whether they believe it or not.
People without assets struggled for a couple of years because of inflation, but unemployment has been basically nonexistent for the past 3 years and over the past 2 years wage growth has exceeded the rate of inflation, particularly in the lowest wage groups.
Fastest wage growth over the last four years among historically disadvantaged groups: Low-wage workers’ wages surged after decades of slow growth
In stark contrast to prior decades, low-wage workers experienced dramatically fast real wage growth between 2019 and 2023, but many workers continue to suffer from grossly inadequate wages and middle-wage workers face significant gaps across demographic groups.
www.epi.org
All in all Americans are probably better off, whether they believe it or not.
THAT'S A GOOD ONE HITMAN!!!!!!!!!! DA HUEY TOTALLY FEELS SHAME FROM THAT ZINGAH!!!!!!!!!!!!!! MAYBE HE SHOULD QUIT SPENDING TIME IN DA INTERSTATE BATHHOUSES LIKE ALL DA OTHER SEMEN AND SOY EATING PIRATES!!!!!!!!!!!!!! MAGA ALPHA DAWGS LIKE YOU AND ME ARE OUT IN DA REAL WORLD, MAKING DA REAL MONEY, CRUSHING ICE COLD CANS OF SPRITE, AND OWNING MARXIST RADICALS LIKE DA BERNIE AND DA SQUAD AND DA SLOW JOE AND DA CHE GUEVARA!!!!!!!!!!!!!!!!!! HEY HUEY — I DARE YOU TO COME TO SOUTHERN CLAYTON COUNTY AND GET YOUR FACE REARRANGED BY DA HAWKEYE FOOKIN HITMAN!!!!!!!!!!! YOU WOULD NEVER DO IT THOUGH BECAUSE YOU ARE SCARED OF DA HITMAN BECAUSE YOU ARE A BETA CUCK LOW T MARXIST!!!!!!!!!!!!!!!!
Why do Republicans vote against every bill that helps alleviate rising costs for Americans? Do you ever pay attention to how your leaders vote??
Well, to be honest, anyone with a brain knows exactly what is meant when this question is asked. MAGAs try this gotcha all the time.
That and corporations raising costs in guise of inflation. It’s been admitted in front of Congress but Republicans don’t get pissed off about that. It’s gotta be Joe’s fault.
