Inflation is cooling, yet many Americans are still living paycheck to paycheck - eviltoast
The rate of inflation has come down from pandemic era highs. But many Americans are still waiting to feel financial relief.
  • IamSparticles@lemmy.zipEnglish
    27·
    2 months ago

    Yeah. Because wages have remained stagnant, or even decreased relative to prices. Inflation is supposed to be a response to people making more money, but that never happened. So now we’re all just effectively poorer.

    • Maggoty@lemmy.world
      2·
      2 months ago

      Inflation can happen for a bunch of reasons. It’s just always cited in arguments against raising wages. The proper answer to which is, prices went up last year anyways, why can’t prices go up a cent so I can have a dollar?