Average American is taking home $176 more each week than 4 years ago (+17%) but that larger paycheck buys about $40 less (-4%) which is the equivalent of losing $2,000 in annual pay: the Biden legacy… pic.twitter.com/hRwWwvoQ3P
— E.J. Antoni, Ph.D. (@RealEJAntoni) February 12, 2025
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And yet as someone that works in a food bank a few days a month folks MOSTLY still DON’T COOK their own food.
Heating up cans of spaghetti O’s, yeah. Boil water add Mac and Cheese, yeah. But bags of dry beans and such are hard to get folks to take home.
We have free classes on how to cook a whole chicken and get several good meals out of it, just add starches like potatoes, rice or pasta. We have free classes on how to shop and balance a check book. A few use them, most ignore the signage. They drive cars they cannot afford (until the Repo man gets them), wear clothing better than myself and use the credit card to buy fast food.
When the safety net fails it’s going to get ugly.
Fiat “money” just Doing what Fiat “money” Does ….. Going to it’s Intrinsic Value in paper. No exceptions in history, but hopium springs eternal.
The “exception” would be a new USA (not a Feral Reserve Bankster note) dollar backed by Domestic Gold/Silver, Oil, etc.
Most Americans have no idea of having “Sound Money” free of inflation.
I believe you sir are completely full of Bovine Residue, I don’t know anybody who is taking home $176 more than 4 years ago. Most are lucky to break even. BUT you are probably referring to Govt employees as average Americans. OR maybe illegal invaders. BUT not real Americans!
Wages have gone up for most people in the cities. His point is that the increase in salary did not make up for the cost of inflation under Biden. People can make more money but if it does not keep pace with inflation, we will drown in debt as their chains pull us under.
Absolute killing retired folks on fixed income. But they still tax the shit out of us. Oh yes young man your property bought with taxed dollars and SS paid for with taxed dollars is taxed again when you get too old to work. This is part of the reason you cannot hate them enough.
You are correct. I would also add that here in East Texas property taxes continue to increase at a rate significantly above the headline inflation rate driven primarily by increased school taxes. Property taxes are now a form of never ending extortion. For people that reach 65 years of age your property taxes are limited to a 10% increase per year that means your property taxes double every 7.2 years. The county and school district reminds people that reach 65 years of age that we should be greatful for the 10% increase per year limitation. I am not the greatful because I paid sales tax when I bought the house. Also, I am not greatful for having to pay property taxes to fund a school district whose graduating students have achieved lower college entrance exam scores than the previous year’s scores every year for decades. The school district has proudly achieved lower performance every year for decades for higher and higher costs. Their model is broken and teachers have no accountability or performance standards. If you have children do not put them in public schools instead homeschool them. Who is $ John Galt?
Another Idiot believing Govt numbers. Real food inflation is running at 38-40%…you see it weekly at your grocer. Insurance costs(across the board) are running 28% or higher. Clothing costs are running 25-30%…purchased a pair of Jeans lately…even the Bangladesh or Paki Jeans are $30-50! Rents are more than mortgages! A friend has 500 rental properties throughout NW Ohio and she now requires dual employment for her apartments with a 2-bedroom now going for $2500-4000 per month in BFE NW Ohio. And companies around here are closing or laying off hundreds at a time. We are so Effed!
Well, aren’t you a ray of sunshine. Unfortunately, you also are correct. I am more hopeful now but America will have to pay a price to restore the Republic. Step 1 is mass arrests for treason. And that is the step that must be first.