Also in US the true inflation is 2x the CPI official numbers. You have to be making $100k to match the earning power of say $40k from a decade ago... yet even if you managed to more than double your income you would still be falling behind because at $100k nominal income that now puts you into a much higher tax bracket etc...
Houses too have inflated in price much faster than income, and even if you paid off your house decades ago, that means you have to fork out more for the rising property taxes which again is based on current market value of your home...
Its estimated between taxes (federal, state, local/county, property, sales, gift, estate, etc) and insurance (life, house, car, health, dental, vision, unemployment, etc ) and healthcare, more than 50% of a person's wages is "haircut"ed...
If you make $100k you are really making just $50k
In America almost everything is fake, including the mandatory Social Suckerity that will never be there by the time most Americans retire
Plus the 401k, IRA, mutual funds etc and entire "stonk" market is really just a NFT ponzi tulip pyramid scheme since the FED started directly injecting fake money into it... one day it too, like the US dollar, will soon go to zero
Last edited:
