Are you better off financially than you were a year ago ? 💵💵💵
This is the year 2024. The world is in a crisis. 🌍 Here in the US some believe that we are about to crash. For some these are the best of times, and for others these are the worst. I want to know are you better off financially than you were a year ago. I am. Are you ? And are you comfortable being where you are right now concerning your own personal finances. Best answer wins. ☺️
About the same. My job is well paid, and my wife gets enough too for us to be comfortable. We switch up brands, cut costs etc where we can in our regular shop. We aren't big 'luxury' spenders.
I have the luxury of being outside the US and as such I am doing well, thank you very much...However I do have one relevent comment for Americans. You cant know how well your economy is actually doing from observing from inside America alone, simply because what you can see has been distorted by Trillions of dollars of borrowings from overseas to keep people in work and dividends and profits flowing inside America..Without that; if the nation and its people had to live within their means the whole nation would be a dumpster fire, with massive unemployment and poverty leaking upward as sales plumetted and profits and dividends, failed, crashing the stock market..😷
No, I am not better off, being retired and even with a 3% cost of living increase once a year to my retirement it has not kept up with Bidens 4.5% yearly inflation! I live on my farm in rural Ohio and inflation coupled with the wild out of control real estate prices has seen land values triple and the land taxes to rise yearly by $300 dollars or more just because of projected land values. It is getting stupidly crazy even in rural America. It is as if the elite are pushing prices higher and higher for everything including vehicles, homes, property, groceries Fuel, clothing everything to a point where aver to poor Americans stand to lose everything. As if they want to force you into a low-income type of apartment that has the same stupidly inflammatory rental costs as buying a home.
I live in an area with a lot of Amish, and they do mostly construction jobs, and I am friends with a few of the Amish families. I learned two days ago that the building a repair industry the Amish do has slowed to nearly a standstill and folks that can afford to build or repair are not doing so deciding to sit back and wait to see if things will keep getting out of control cost wise. The Amish lumber mills, loggers, and furniture and cabinetmakers are slowed greatly in production and demand as well.
These are my personal examples of why I am worse off after these past 3.5 O'Biden years.
A year ago? Only if your pay kept up with inflation, and for the vast majority of people, that's a no. An even better question is whether you are better off today than you were 4 years ago. That's a no for anyone who isn't a politician, part of the military industrial complex, an exec at the central banks or an illegal alien.
absolutely not better. the average family is spending ~$750 more per month than they were a few short years ago. my pay raise is generally around 3% per year and inflation is more than twice that.
Actually I am, but that's because I cut back on expenses, and my investments have done pretty well. Not because of any policies of the current administration
