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US Politics 9w
It’s so baffling to me that so many people are denying that an affordability crisis exists in the US
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8
upvote 23 downvote
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Anonymous 9w

You are not allowed to question or criticize anything about a country who’s marketing brand is “land of opportunity”

upvote 7 downvote
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Anonymous 9w

I’m among them. Ask me anything.

upvote -3 downvote
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Anonymous replying to -> #2 9w

In the cost of living blatantly surpassing the growth of wages just, not a concern for you

upvote 7 downvote
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Anonymous replying to -> #1 9w

Wages have risen faster than the cost of living.

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upvote -1 downvote
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Anonymous replying to -> #2 9w

Wrong. Consumer prices are up 3.4% annually vs 3.2% for wages. We are underwater

upvote 10 downvote
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Anonymous replying to -> #1 9w

You think a 0.2% difference, when wages are up way more than that if you extend the timeframe, is a crisis?

upvote -2 downvote
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Anonymous replying to -> #2 9w

The 3.4% CPI number is likely factoring in the costs of all consumer goods, which unfortunately makes the figures look better than they are. If we just include necessities (so nothing like electronics or devices or luxury goods that people don’t consume regularly), consumer prices have gone dramatically up (IIRC it’s closer to 8%)

upvote 1 downvote
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Anonymous replying to -> #3 9w

Nope. CPI is weighted by what people actually spend money on. Rent and food counts wayyy more than TVs.

upvote 4 downvote