"I feel like I'm on a hamster wheel" — US cost of living has skyrocketed since 2020
"I feel like I'm on a hamster wheel" — US cost of living has skyrocketed since 2020
Discover how the US cost-of-living crisis is impacting everyday Americans, from surging grocery bills to rising debt
I’m interviewing for a Night Crew position at Wendy’s tomorrow. I’m a Process Manager for a corporation in the day time.
Sorry to hear that
I've worked in HR across a number of industries and I'm seeing a crossing of projections when it comes to comp, I've been looking at it for a number of years.
Anecdote: saw an HR Coordinator job, pretty standard entry level role last week posted for $23/HR. Required 4 year degree, preferences for major, 58 bullet points in job description, etc.
Saw a Dave's Hot Chicken Shift Supervisor role that's been posted for over a year now for $23.00/hr. I think it's a newer chain. Anyway, they're being aggressive with the rate as many f&b places have been to try to hire and retain coming out of the pandemic. No previous experience, no education required.
Overall I think the scam of the structure of "higher ed" is well exposed at this point, while of course a college degree and different path give you the potential of maybe having a good job mostly after having waded through a decade or two of corporate insanity, politics, and layoffs. Had a sandwich at a Jersey Mike's a few days ago and the employee was an accounting associates student who had no plans on any education after he finished as he saw it as junk debt.
It was 15 years ago in the great recession that I predicted trade schools would come back with a bang but we aren't there still for some reason.
Sadly it is pretty much everywhere in the world where living costs are skyrocketing, along with rents. Almost 50% of my salary now goes to rent and utility bills, and recently the food also got pretty expensive, it feels almost like 50-60% up, so I am spending a very big chunk of my salary to have a roof over my head and also to survive.
my rent went from just under 30% of my gross, to two-thirds of it--and that's with a modest raise mixed in there. it was stable for twenty years (3 building owners during that time) before this new landlord. utility bill is about the same--with reduced consumption on my part helping that, but i can't really go 'down' any more. cable (internet) is up. phone is up. groceries are at least double--and for less of it, as i hit the food pantry more frequently. it cost more than double for each trip to the laundry. the once or twice (at most) a week i get a little fast food or kwik trip is about the same--but that's only because i just get less (i stick to my modest budget for that regardless of how much it buys).
"After a historic run-up in inflation, Americans are now starting to see something they haven’t in three years: deflation,” the Wall Street Journal reports.
“To be sure, deflation—that is, falling prices—is largely confined to appliances, furniture, used cars and other goods. Economywide deflation, when prices of most goods and services continuously fall, isn’t in the cards.”
“But economists say goods prices likely have further to fall, which will ease inflation’s return to the Federal Reserve’s 2% target, perhaps as early as the second half of next year"
yeah, all I can afford to do is go to work and go to the gym and sit around and pay money to maintain my vehicle which gets me to work and to the gym. Believe me there are a million other things I'd rather be doing.
What a puff piece. Cherry pick the highest inflation numbers, discount the equally-relevant wage side of the equation, end with a single person's story instead of numbers.
Wages have been growing faster than inflation for a year and a half. They're not caught up to all the inflation we have seen since the pandemic (yet) but they're on the way. Completely ignoring that is bad reporting.
Can you show your sources about wages growing faster than inflation over the last year and a half?
Yup, and most of the prices have largely come back down, at least in my area, and lower wages have jumped (nearly double since 2019). Rent has doubled and used cars are still very lopsided, but on the whole, the average person in my area should be in a similar position vs 2019.
This obviously varies a lot by area. Electricity, for example, has stayed pretty flat, whereas in the article it says it has increased by ~50% in California. So articles like these don't make a ton of sense to me, they don't state where those numbers come from, and they definitely don't look per state to see if it's really representative of the average person.
So yeah, this article is worthless.
Your grocery prices have gone back down?? I'm not seeing that in my area. Groceries, eating out, and services are all still way up! Plus you say rent doubled like that's no big deal. We've cut all luxeries ( I am counting preferred groceries and cleaning products as luxeries, anything above that is long since cut). It feels financially irresponsible to buy a friend a birthday gift. We are nowhere close to where we were in 2019.