this post was submitted on 31 May 2024
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Inflation vs income
Income hasn't kept up with inflation, so you have a widening gap
The prices may be proportional, but the average "purchasing power" has decreased. Most family units have more than a single income now, but they still struggle.
Inflation goes up (which devalues our income), but our wages have gone up much slower... so we have a widening gap of "purchasing power" that people's budget can feel
The "prices" may be proportional, but the ability to afford them is certainly not