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49

My salary has gone up, but my purchasing power has gone considerably down

submitted by HelloDarknessMyOldFriend to Rants 1.6 yearsSep 14, 2023 13:56:32 ago (+49/-0)     (Rants)

I managed to increase my income by close to 75% in the past 10 years. It was great at first, but looking back, I made more money as a ratio of purchasing power back then than i do now. Sure I make more on paper now, but gas used to be much cheaper, taxes were cheaper, stuff was overall cheaper. Even if i wanted to buy something now, like a house, its horribly overpriced, and not worth it, usually made of lower tier builder grade shit. Cars arent much better, as its a race to the bottom to see who can make it for cheaper. I was looking on Zillow, and some of these houses are commanding insane prices. One of them was bought for 40,000 not even 2 years ago, and they want 200,000 for it now ... Cars that used to cost maybe 10,000, cost 35,000 or more. Not that i need a new car anyway.

You have pensions so broke and bankrupt they've resorted to suing companies for lost earnings (NYC Pension fund entered the chat), most criminals get away with it since the justice system either doesn't care or is in on the take, everything is just complete crap now


46 comments block

Trope 1 points 1.6 years ago

I agree. I see where my career path leads and want nothing to do with it. The moment I started making decent money, I started building a scalable business.

Successful doctors and lawyers are business owners. You don’t find wealth in a job but you can use it to start something great.