The inflation-adjusted median income of U.S. households rebounded last year to roughly its 2019 level, overcoming the biggest price spike in four decades to restore most Americans’ purchasing power.
Not really. Inflation is an average across the board but a lot of things that were affected by price gouging went up much higher. I’m not sure specifically how it’s all calculated but last time I mathed it out my expenses went up much higher than what inflation said they should have.
Meanwhile prices did not.
Well, that’s the “inflation” part, isn’t it?
Not really. Inflation is an average across the board but a lot of things that were affected by price gouging went up much higher. I’m not sure specifically how it’s all calculated but last time I mathed it out my expenses went up much higher than what inflation said they should have.