After searing inflation, "American workers are getting ahead," Treasury Secretary Janet Yellen says ( www.cbsnews.com )

As of the end of 2023, the typical U.S. worker could afford the same goods and services as in 2019, prior to the pandemic, and had an additional $1,400 to spend or save per year, according to a January analysis by Treasury officials.

Demar Byas of Pontiac, Michigan referred to experts touting the nation's economic performance as a "slap in the face."

"You're celebrating these numbers, but we are struggling," said Byas, who juggles several jobs to make ends meet. "It's no relief in sight, and just say those numbers and to celebrate that, and as I said stuff becomes a slap in the face."

billwashere ,

I make 80% more than my 20 year younger self and I feel like I’m worse off. So yeah not so much.

bradorsomething ,

Ahead of what, Janet, homelessness? Wages are only just catching up enough to keep supporting poverty for the lower class.

kandoh ,

People will say the economy is bad for as long as it takes for them to acclimate to post-covid price increases.

Vodica ,

She need to learn difference between main and median.

derf82 ,

Looks at my paycheck

Looks at my last grocery receipt

Bullshit

Asafum ,

exactly.

I buy the same stuff every week. The most that changes are condiments I don't need frequently. My grocery bill went from $60-70/week to $100-$110/week. That number hasn't budged one iota. Neither has my income.

dan1101 ,
@dan1101@lemm.ee avatar

Groceries, property taxes, insurance, restaurants, electricity, it's all going up.

TIMMAY ,

Another crypt-keeper-style government official

Burn_The_Right ,

Fuck. Janet. Yellen.

linkshulkdoingit69 ,
@linkshulkdoingit69@lemmy.nz avatar

This is almost on the level of Maoist censorship of any societal ills, while reporting that "all is well as it should be, as laid out for us by our benevolent system"

jonne ,

Reminds me of the prices of commodities always 'going down' in 1984.

bingbong ,

There is no war in Ba Sing Se

return2ozma OP ,
@return2ozma@lemmy.world avatar

"The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command." Orwell, 1984

pan_troglodytes ,

must be weird to be so divorced from reality....

Mammal ,
@Mammal@lemmy.world avatar

Any increase I've experienced in my pay has been completely surpassed by healthcare bills and inflation.

return2ozma OP ,
@return2ozma@lemmy.world avatar

And gas and groceries and...

andrew ,
@andrew@lemmy.stuart.fun avatar

I've gotten three raises from my company that haven't kept pace with inflation lol. It's ridiculous. Oh, and insurance benefits cut substantially.

some_guy ,

Don’t look at the man behind the whatever. Things are awesome, I’m tellin’ ya!

Nobody ,

Remember to translate economic news properly.

The Economy Rich people’s yacht money is at record highs, so clearly we don’t have a problem with inflation corporate price gouging to keep their profit margins above the margins when they were stealing from taxpayers during Covid.

moog ,

I am?

circasurvivor ,

Well, you have to be one of those "hard workers"... like CEOs.

dan42O ,

Where the stats they use. Are they following one family or an entire town in bumpkins-ville-field-ton to make these statements. Taxes aren’t even due, earnings reports mean diddly from companies who have hit “record profits” after global pandemic. Whose ass do these economists sniff to get this numbers crunched. We still have variances in from 350$k earners hiding money, all while people less than 100k$ can afford to put down payments for cars, houses, food, credit cards, student debt.

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