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.

[–] what_is_a_name@lemmy.world 10 points 1 year ago* (last edited 1 year ago) (1 children)

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?

[–] Jerkface@lemmy.world 33 points 1 year ago

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.