> Do not repeat the nonsense that "not only has your [real] income decreased, but inflation has made things more expensive".
Non-Sequiter. That isn't a quote of something I wrote.
The thing I actually wrote is "so not only do you get less for your money you also have less money!". Which is accurate. Shrinkflation means when you go out to buy detergent you only get 15.5 oz instead of 16oz so you're getting less for your money. Real income decreasing by 2.3% means you have less money. "so not only do you get less for your money you also have less money!"
People really aren't going to care that their income is up 5% if the rent is up 8% ... The real value is noticed.
> Real income decreasing by 2.3% means you have less money.
You still appear to not understand.
You have MORE money in your paycheck (if you were a median income earner in both 2021 and 2022). That money just has less purchasing power by a greater amount than the increase in money.
More money (nominal income is up), but less purchasing power (real income is down).
Non-Sequiter. That isn't a quote of something I wrote.
The thing I actually wrote is "so not only do you get less for your money you also have less money!". Which is accurate. Shrinkflation means when you go out to buy detergent you only get 15.5 oz instead of 16oz so you're getting less for your money. Real income decreasing by 2.3% means you have less money. "so not only do you get less for your money you also have less money!"
People really aren't going to care that their income is up 5% if the rent is up 8% ... The real value is noticed.