I'm making way more money than I ever have in my life and I can barely save anything lol
this post was submitted on 25 Sep 2023
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Dude. Same. I finally started making a 6 figure salary, and I feel just as broke as I did before. It sucks.
25% raise a year ago. The most I have ever made in my life. I used coinstar to buy groceries last week.
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Nailed it. I’m doing better than I ever have, and I think I should dump more into my 401k! Nope. Groceries feel like they’ve almost doubled in cost. Fucking unbundling of so much , data, or travel costs an arm and a leg in additional fees. Simple repairs to my car or parts for a mower are crazy expensive. As soon as I feel like I’ve gotten ahead, they jack up the prices to eat up my gains.
Is the cost of living crisis that crazy?
I left the US in 2017 tired of a decade of stagnant wages.
Of course in 2018 the wages started spiking. But is all of it eaten by cost of living increases?
Yes. A congressional report found that nearly 50% of inflation went straight into corporate coffers. Record profits across the board. They turned the dial up until our wage gains were all gone.
As soon as I feel like I’ve gotten ahead, they jack up the prices to eat up my gains.
Yep. Inflation is a tool for the ruling class to recoup any gains the working class has made, with interest.
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Switched jobs, got a 50% raise. Can't afford food till second pay of next month. Going to wipe out my canned food collection.
I’m making more than I think anyone else has ever made in my family’s history before and I feel like I’m headed for collapse.
The wheels on the bus are about to come off, about to come off, about to come off. The wheels on the bus are about to come off all through the town.
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Welcome to adulthood.
I'm 31 my dude, been adulting for a while.
It's worse now
Same here , the other day I thought to myself "how the fuck did I get poor again??!!" Two years ago I was feeling pretty proud! I'm deep in the letter writing currently, one I'll give to my employer.
But the economy is doing great!
The fact the economy depends on un employment is fucking gross
Had a sociologist class with one of those dirty communist neo something something professors who asked the class "why do we measure how well the country is doing using unemployment or GDP instead of happiness".
Crazy thing was that my first instinct was to think how stupid it was to measure happiness. I'm such a fucking brainwashed idiot
Happiness, while a useful metric, isn’t a very consistent one from person to person, or even from day to day. It’s a very subjective and hard to quantify metric.
Not that GDP or unemployment are better indicators, but they’re solid numbers that can be definitively and accurately counted and done so consistently over decades.
Still there has to be a better non-subjective metric than those, they’re not very telling.
That was actually a big part of the lecture. Is measuring happiness actually inconsistent. He put a good argument for it not being inconsistent. That we can not only measure happiness pretty consistently but that we can also measure all the things that contribute to it pretty accurately. One of my favorite lectures in school
Everything depends on scarcity. Supply and demand. There has to be unsatisfied demand otherwise prices would be too low for anyone to make any money... it's a poorly designed system.
Gods forbid the CEOs take a pay cut.
Look at this green line we built out of your blood!
If the ruling class is satisfied, you know the working class is getting fucked.
The economy is doing great when the ruling class is upset and workers are happy.
Thank god student payments are restarting to really add to it
“How could Biden do this!?!?!” - Mitch McConnell
With a government shut down, questions will be asked about these loans.
Our mortgage payment is going up $125/mo because property values went up. Idk how in gonna afford that
$200 here and that's after it went up $200 last year.
Edit. Sounds like OP might be talking about property taxes, not mortgage principal.
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It sounds like you have an adjustable rate mortgage. If so, it is the national interest rate that is driving that up.
Your increased property value doesn’t drive up your mortgage. That is fixed.
No, that doesn't mean that. They likely pay their property taxes through their mortgage via escrow. Since it all comes from the same payment, that means their mortgage payment rose, even if it wasn't tied to the actual mortgage.
This
Property value in most places absolutely sets your taxes, which is part of your monthly mortgage payment
So yes, the principal+interest doesn't change but when most people talk about their monthly mortgage they talk about the total amount they pay to live in their house that they're making payments on
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Okay, who here honestly thinks a Republican president is going to do better on the economy?
Please let me prove you wrong by answering in the affirmative.
Republican presidents are always worse for the economy. It's a low bar to cover, but at least democrats don't cut as much from education, health care, and other social safety net programs.
What are you trying to say? I'm honestly confused.
Oh. If they answer they think a Republican will do better on the economy, then I'll proceed to show how Republicans are the most financially irresponsible of the two parties.
He's looking for a fight that no one is interested in so he can state all the facts they have been building up about economic policy.
The problem is that people that should hear it don't care and those of us who care already know but can't do much about it.
They are just screaming they want to be logical/rational in an unlogical/irrational world.
They are just screaming they want to be logical/rational in an unlogical/irrational world.
Well, god damn, if that doesn't hurt.
To be fair we know exactly what can be done about it, we just really don't want our lives to get even harder (or end) in the short term.
LoL yeah... man as a group I think we could do something but like... solid chance you get shot by the national guard like a Kent State college student.
Very few martyrs actually get anything done.
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This is entirely because the republican house refused to extend Biden's covid era child tax credit. Biden should run on this issue. If he doesn't, the Rebublicans will by blaming him.
I would think that the child tax credit end would have a lot to do with these numbers.
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