Thursday, August 31, 2006

Are you better off?

Are you making 16% more than you did six years ago? Is that after inflation - are you really making 25% more?

According to the bea, GDP has increased over 16% since 2000 (looking down at index numbers where 2000 is used as "100").

Are you spending 19% more after inflation than you did six years ago? 30% more after inflation? Has your income gone up 30% since 2000? Same chart, same modifiers.

If your spendable pay is less than a 30% increase over 2000, then someone else's is more. I'd strongly suggest taking a few minutes to think about who, and why, and maybe what you can do about it. Me, I'd suggest voting for someone who isn't in favor of making the rich richer while the poor get poorer. But you jump the way you want - you're a thinking person, you'll figure out something.


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