• RememberTheApollo_@lemmy.world
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      1 year ago

      Nailed it. I’m doing better than I ever have, and I think I should dump more into my 401k! Nope. Groceries feel like they’ve almost doubled in cost. Fucking unbundling of so much , data, or travel costs an arm and a leg in additional fees. Simple repairs to my car or parts for a mower are crazy expensive. As soon as I feel like I’ve gotten ahead, they jack up the prices to eat up my gains.

      • what_is_a_name@lemmy.world
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        1 year ago

        Is the cost of living crisis that crazy?

        I left the US in 2017 tired of a decade of stagnant wages.

        Of course in 2018 the wages started spiking. But is all of it eaten by cost of living increases?

        • Jerkface@lemmy.world
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          1 year ago

          Yes. A congressional report found that nearly 50% of inflation went straight into corporate coffers. Record profits across the board. They turned the dial up until our wage gains were all gone.

    • Sabata11792@kbin.social
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      1 year ago

      Switched jobs, got a 50% raise. Can’t afford food till second pay of next month. Going to wipe out my canned food collection.

    • paddirn@lemmy.world
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      1 year ago

      I’m making more than I think anyone else has ever made in my family’s history before and I feel like I’m headed for collapse.

      The wheels on the bus are about to come off, about to come off, about to come off. The wheels on the bus are about to come off all through the town.

      • vivadanang@lemm.ee
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        1 year ago

        the bus went over the cliff a while back. left and right are arguing if the wheels are going round and round and we’ve jumped right past the guard rails and are sailing into oblivion.

        • JoJoGAH@lemmy.world
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          1 year ago

          Same here , the other day I thought to myself “how the fuck did I get poor again??!!” Two years ago I was feeling pretty proud! I’m deep in the letter writing currently, one I’ll give to my employer.

      • Touching_Grass@lemmy.world
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        1 year ago

        Had a sociologist class with one of those dirty communist neo something something professors who asked the class “why do we measure how well the country is doing using unemployment or GDP instead of happiness”.

        Crazy thing was that my first instinct was to think how stupid it was to measure happiness. I’m such a fucking brainwashed idiot

        • thejml@lemm.ee
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          1 year ago

          Happiness, while a useful metric, isn’t a very consistent one from person to person, or even from day to day. It’s a very subjective and hard to quantify metric.

          Not that GDP or unemployment are better indicators, but they’re solid numbers that can be definitively and accurately counted and done so consistently over decades.

          Still there has to be a better non-subjective metric than those, they’re not very telling.

          • Touching_Grass@lemmy.world
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            1 year ago

            That was actually a big part of the lecture. Is measuring happiness actually inconsistent. He put a good argument for it not being inconsistent. That we can not only measure happiness pretty consistently but that we can also measure all the things that contribute to it pretty accurately. One of my favorite lectures in school

      • School_Lunch@lemmy.world
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        1 year ago

        Everything depends on scarcity. Supply and demand. There has to be unsatisfied demand otherwise prices would be too low for anyone to make any money… it’s a poorly designed system.

  • krolden@lemmy.ml
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    1 year ago

    Our mortgage payment is going up $125/mo because property values went up. Idk how in gonna afford that

    • Ghostalmedia@lemmy.world
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      1 year ago

      Edit. Sounds like OP might be talking about property taxes, not mortgage principal.

      ——-

      ?

      It sounds like you have an adjustable rate mortgage. If so, it is the national interest rate that is driving that up.

      Your increased property value doesn’t drive up your mortgage. That is fixed.

      • chuckleslord@lemmy.world
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        1 year ago

        No, that doesn’t mean that. They likely pay their property taxes through their mortgage via escrow. Since it all comes from the same payment, that means their mortgage payment rose, even if it wasn’t tied to the actual mortgage.

      • Saneless@lemmy.world
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        1 year ago

        Property value in most places absolutely sets your taxes, which is part of your monthly mortgage payment

        So yes, the principal+interest doesn’t change but when most people talk about their monthly mortgage they talk about the total amount they pay to live in their house that they’re making payments on

    • AdolfSchmitler@lemmy.world
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      1 year ago

      Are you in the U.S.? We have 30 year fixed mortgages here your monthly payment shouldn’t be going up. Or did you mean property taxes?

      • Hoomod@lemmy.world
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        1 year ago

        Many mortgages just have the property taxes rolled into them

        So it’s probably property taxes, but it’s showing up on the mortgage payment

    • NatakuNox@lemmy.world
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      1 year ago

      Republican presidents are always worse for the economy. It’s a low bar to cover, but at least democrats don’t cut as much from education, health care, and other social safety net programs.

  • TheWoozy@lemmy.world
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    1 year ago

    This is entirely because the republican house refused to extend Biden’s covid era child tax credit. Biden should run on this issue. If he doesn’t, the Rebublicans will by blaming him.

    • explodicle@local106.com
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      1 year ago

      Nobody will believe him after the student loan lie. So centrists will be disillusioned again, not vote again, and they’ll blame the left again - when in truth he didn’t go left enough.