givesomefucks , 23 days ago (edited 23 days ago)

Rather than losing money, it’s technically more correct to say that we’re earning less.

The real trick is converting to purchasing power of individuals and showing the trend overtime.

Like the average/median purchasing power of an American year by year. Not just purchasing power of a dollar, but of the average salary.

Edit:

Are down votes because I didn’t mention savings?

Like 50% have less than $500, over a third have less than $100

This functionally isn’t a problem for most so I ignored it considering the focus is on poverty and not how I flation effects the wealthiest.