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Started By
Message
re: Inflation Outpacing Wage Growth For Over 40% Of Americans
Posted on 7/24/25 at 6:06 pm to Mingo Was His NameO
Posted on 7/24/25 at 6:06 pm to Mingo Was His NameO
quote:
You need to be a top 15ish percent earner in the United States (not at your age, all earners) to be able to do just these things. And likely dual incomes. That means almost no young people are able to do that.
OK, so what? What do you want me to do with that fact?
1
Posted on 7/24/25 at 6:07 pm to TigersHuskers
Posted on 7/24/25 at 6:08 pm to Porpus
quote:
OK, so what? What do you want me to do with that fact?
Acknowledging it is a good start. You can’t fix problems you refuse to believe exist
Posted on 7/24/25 at 6:13 pm to DawgCountry
quote:
Thoughts on the damage the last 4 years did?
Extremely awful and inexcusable. Problem for some posters is that they can’t handle criticism of Trump at all, so they have to cast anyone pointing out a problem as a Biden acolyte, which I have never been. He was a horrible president.
Posted on 7/24/25 at 6:14 pm to Bourre
quote:
Let me wake you from the last 4 years of your stupidity … there was this guy you probably voted for, who had dementia, named Joe Biden. That’s who was President the last 4 years.
Let me guess… that was (d)ifferent
You truly are a very simple mind.
Posted on 7/24/25 at 6:16 pm to Mingo Was His NameO
quote:
1. Reliable transportation 2. A clean, comfortable place to live, ideally with my name on the deed 3. Day-to-day comforts (booze, cable TV, maybe a motorbike or something) 4. Investing / saving 5. Health insurance You need to be a top 15ish percent earner in the United States (not at your age, all earners) to be able to do just these things. And likely dual incomes. That means almost no young people are able to do that.
Very true, to own a home and do those things for a family means you need a household income of about $250,000 these days. My girlfriend and I make about $230,000 combined and we would struggle to afford an entry level, $500,000 home in Dallas if we want to maintain our 20% savings rate. Crazy times
Posted on 7/24/25 at 6:18 pm to RLDSC FAN
Well yeah, certainly me.
Posted on 7/24/25 at 6:18 pm to CollegeFBRules
So Joe Biden wasn’t President for 4 years? Biden and and his allies didn’t spend like a drunken sailor? Biden didn’t let in millions of illegal aliens and give them government benefits?
If I’m simple… you are a straight up dishonest hack or stuck your head in the sand for 4 years
If I’m simple… you are a straight up dishonest hack or stuck your head in the sand for 4 years
Posted on 7/24/25 at 6:19 pm to MC5601
BS.
We were told wages were up when inflation was 9%. Now it's down to 2.7 and real wages especially in blue collar jobs are up.
You can take any set of numbers and make it good or bad depending on what side you are on.
We were told wages were up when inflation was 9%. Now it's down to 2.7 and real wages especially in blue collar jobs are up.
You can take any set of numbers and make it good or bad depending on what side you are on.
Posted on 7/24/25 at 6:19 pm to Mingo Was His NameO
quote:
If I can’t buy a 1200 sq ft house because it doesn’t exist, it doesn’t matter how much a 1200 sq ft house would cost
But they do still exist. There is a new subdivision going up near me now that averages about 1300 sf 3/2 w/garage. Houses are staring in $260k range. Another one not far from there that is about 10 years old and they are still adding that runs about same price. So that is very comparable to the difference in 1985. And that doesn’t account for older existing homes in the 1200-1400 sf range. So there is some validity to what the other poster was asking.
Posted on 7/24/25 at 6:22 pm to Kingshakabooboo
The other problem with the 1200 sqft $260k house is that they will most likely be crime ridden rentals. Unfortunately those will not likely make for a safe neighborhood when they turn section 8 loose in it
Posted on 7/24/25 at 6:24 pm to RLDSC FAN
This is an incredibly shallow and dumb way of looking at wage gains. If they can't analyze this by seniority then the sole purpose of the study is to tell a story that we're all just poor ole baws with no hope an the economy is in shambles.
Reality - Older, more senior positions have low wage gains, however are asset heavy in a high real interest rate environment. Competent young workers still getting promotions/raises. Not seperating the two is asinine.
Reality - Older, more senior positions have low wage gains, however are asset heavy in a high real interest rate environment. Competent young workers still getting promotions/raises. Not seperating the two is asinine.
Posted on 7/24/25 at 6:24 pm to Kingshakabooboo
quote:
There is a new subdivision going up near me now that averages about 1300 sf 3/2 w/garage. Houses are staring in $260k range. Another one not far from there that is about 10 years old and they are still adding that runs about same price. So that is very comparable to the difference in 1985. And that doesn’t account for older existing homes in the 1200-1400 sf range. So there is some validity to what the other poster was asking.
The glaring difference is you need 2 incomes as opposed to 1 to generally have the same purchasing power
Posted on 7/24/25 at 6:31 pm to Kingshakabooboo
quote:
There is a new subdivision going up near me now that averages about 1300 sf 3/2 w/garage. Houses are staring in $260k range.
While its good they're building affordable housing,I cant imagine the build quality on those houses.
Posted on 7/24/25 at 6:44 pm to Kingshakabooboo
quote:
There is a new subdivision going up near me now that averages about 1300 sf 3/2 w/garage. Houses are staring in $260k range.
Link?
Posted on 7/24/25 at 6:45 pm to Mingo Was His NameO
quote:
Acknowledging it is a good start. You can’t fix problems you refuse to believe exist
I didn't get every one of those five or six priorities I listed right out of the gate, myself. It took me at least several years to really check all those boxes correctly.
Is it all that different now? Probably so. Economics is hard, but the metrics around milestones like having kids and buying a house are bad.
I think it's because we've become a colony. What is it that most people want? Tiny little microprocess electronics that can be stamped out of nothing but run incredible computer programs. Who can make that stuff? Not us.
So we export raw materials to the real superpower, and get paid like miners. We could still change it, but it will take tariffs, walls, etc., and I don't think we have it in us. Or maybe the Yankees don't and I'll just laugh at them.
Posted on 7/24/25 at 6:48 pm to Bourre
quote:
Biden and and his allies didn’t spend like a drunken sailor?
Indeed he and his allies did. Want to guess at another man and his allies that have done the same…
Posted on 7/24/25 at 6:51 pm to CollegeFBRules
quote:
Want to guess at another man and his allies that have done the same…
Every President since FDR
Posted on 7/24/25 at 6:57 pm to Bourre
Not like the last four presidents have.
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