>Despite years of misinformation, the American people haven’t been fooled. We have seen the reports of rising rent, rising healthcare costs, water shortages, and other expenses creeping up. The numbers don’t add up. How can inflation be so low while the prices of fundamental necessities keep rising? Alternative sources of inflationary data provide valuable insights.
>If the economy were currently as strong as it was in 1985, the median worker would be making $120k per year (not $56k). A Stanford MBA graduate today earns roughly what the average Joe made 31 years ago. The difference is that the average Joe of 1985 didn’t spend $434,000 getting his job.
What do I do knowing this information? What are YOU doing knowing this information? The economy is a sham and the government printing mass quantities of money is devaluing the dollar at record pace. Do I unironically just put all my money into some crypto?
I feel like I need to change majors to account for the horrible direction the US economy is going into so I can get the best job possible. I've always suspected the rate of inflation of 2% was bullshit and as trustworthy as soviet union statistics on food production but now I know it's true for a fact.
i'm not racist but i unironically blame indians for the rapid inflation in canada
Dylan Gomez
That 1985 stat is ridiculous.
Thomas Hall
immigration inflates housing prices due to supply and demand yet dumb redditors who bitch about rent and housing cannot put 2 and 2 together
Jose Turner
My brain is smooth,but Ive felt this in my gut for a long time. The economy fucking sucks. Our parents have no idea how good their lives have been. Tell me more though,I am curious.
As for advice I'm accumulating money to make various investments when the markets dip. Hbu?
Jacob Powell
the only way to win is not to play. start your own game instead. i think most of us here are doing that. we will win, it's just a matter of time; the math says so.
Chase Scott
If you want to know more about immigration inflating housing supply just google "immigration inflates housing costs"
If you want the biggest Jow Forumspill of your entire life then watch this video
In a nutshell though, inflation happens because the government prints more money than is necessary. You're only supposed to increase(print) money to match the growth of the economy. i.e. if the economy grows 2% then print 2% more money for that year.
It's all fucked because the government is printing way more money than we need which devalues the dollar. The economy grows 2%(if that) and we print 10% more money. That's why 50k is still the average household income even though it was the average in like 2002 but you're way poorer now
Christopher Gray
>What do I do knowing this information? Continue living life? You do realise just last century 1 dollar was more than enough to live off on a day. It will only get worse, just keep making trades and investments to have more of whatever meme currency your nation uses, because it is currently the source of food, heat, water and shelter. Prepare for the worst, major crashes will continue happening in the future across all economies.
