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US Consumer Price Index up 4.2%

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Re: US Consumer Price Index up 4.2%

#11
post #7

Remember this next time you get your yearly review/raise. 4.2% is what you need to stay even, anything less is a pay cut.

Many people here make more than they spend, and this is simply inaccurate when that's the case. edit: I've explained how this works in a reply below.

No. What isn't spent now is future spending. You are still getting less.

Re: US Consumer Price Index up 4.2%

#12
post #7

Remember this next time you get your yearly review/raise. 4.2% is what you need to stay even, anything less is a pay cut.

Many people here make more than they spend, and this is simply inaccurate when that's the case. edit: I've explained how this works in a reply below.

It's still a cut in purchasing power even if you aren't hurting.

But if you don't mind, I'll take 4.2% from your pay.

Re: US Consumer Price Index up 4.2%

#13
post #7

Remember this next time you get your yearly review/raise. 4.2% is what you need to stay even, anything less is a pay cut.

Many people here make more than they spend, and this is simply inaccurate when that's the case. edit: I've explained how this works in a reply below.

How is it inaccurate? If I only care about buying apples, and apples get 10% more expensive, and my salary only increases by 5%, then I can't buy as many apples as I could have before. How many apples I do actually buy in the end is irrelevant to the calculation.

Re: US Consumer Price Index up 4.2%

#15
post #7

Remember this next time you get your yearly review/raise. 4.2% is what you need to stay even, anything less is a pay cut.

Many people here make more than they spend, and this is simply inaccurate when that's the case. edit: I've explained how this works in a reply below.

No, it's like, if you could buy 100 things before, but you can only buy 96 things now, then you have accumulated less value :D

Re: US Consumer Price Index up 4.2%

#16
post #7

Remember this next time you get your yearly review/raise. 4.2% is what you need to stay even, anything less is a pay cut.

Not necessarily, depends on the distribution of your own expenses. If you deviate from the average urban household (lets say, you have a particularly long commute or your car isn't as fuel efficient as the average. Look at the increase on fuel prices, 40.5%!).

If you're at $5,000/month, a 4.2% raise puts you at $5,210. If you're spending $600/month on gas (not unreasonable for someone that drives an SUV and lives in the suburbs instead of in the urban core), you still come out behind.

Re: US Consumer Price Index up 4.2%

#17
post #6
post #2

Regressive consumer tax due to tariffs?

Regressive consumer tax due to going to war with a country for no real reason

Shipping container rates were starting to stabilize, but the issues with the Straight have caused a 80%+ increase in the last few months.

https://www.drewry.co.uk/supply-chain-advisors/supply-chain-...

Re: US Consumer Price Index up 4.2%

#20
post #13

Earlier quoted context omitted.

Many people here make more than they spend, and this is simply inaccurate when that's the case. edit: I've explained how this works in a reply below.

How is it inaccurate? If I only care about buying apples, and apples get 10% more expensive, and my salary only increases by 5%, then I can't buy as many apples as I could have before. How many apples I do actually buy in the end is irrelevant to the calculation.

The person you're replying to erroneously interpreted "stay even" as "avoid going into debt," instead of your income's purchasing power remaining constant.
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