US inflation means families are spending $709 more per month than two years ago

Re:US inflation means families are spending $709 more per mo... by ModernMech on Monday August 14, 2023 @11:28AM (#37122183)

For me it was first because of covid. I started in Jan 2019, and by the end of my first year when I was scheduled for a raise, I didn’t get it because everyone was tightening things due to the pandemic. So I took a team player attitude and did what needed to be done to get through that period.

Covid receded, and I got an okay raise but it was still below inflation. Then inflation got crazy(er) and my rent finally went up 30%, so that’s when I started making noise about it. They gave me another raise which was higher than they gave anyone else, but still below inflation again.

So now I’m telling them I want at least 10% over what I was making in 2019 or I’m out. Already have something lined up if they try to lowball me, I’m sick of this.

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Re:US inflation means families are spending $709 more per mo... by scarface_74 on Monday August 14, 2023 @03:18PM (#37125527)

Buying a home should be near the top of anyone’s list who is concerned about their financial well being. I realize that is easier said than done. But with remote work, you’re a lot less likely to be forced to sell because of a relocation when prices aren’t good.

I don’t consider my primary residence an “investment” as much as an inflation hedge. Sure property taxes will go up as well as insurance. But usually that’s not as bad as rent.

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