this post was submitted on 11 Aug 2023
11 points (100.0% liked)
News
40 readers
2 users here now
Breaking news and current events worldwide.
founded 1 year ago
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Then I want my pay to go up to match, and that's not happening either.
In general, it has. That doesn't mean your boss gave you a raise, personally. That doesn't happen a whole lot in the grand scheme of things. But we've measured that as people have changed jobs, average wages have increased.
Then why are only non-essentials like furniture coming down in price? Seems to me that nobody's got any money to buy that stuff because everybody can barely afford rent and food, what with all the price gouging and wages not going up.
Interest rates are high, and large purchases like furniture and vehicles are typically bought on credit. So what may have been a lower monthly payment with hardly any money going toward interest is now significantly more interest and a high enough monthly payment to make you reconsider the purchase.