This is all about the disconnect between feelings and actual data. The question is how to get them back in sync. Some of that is time, but people will feel negatively as long as their media keeps telling them they are worse off.
For me it’s time. I know that be all objective measures I’m better off. It’s not just the overall stats but I got decent raises two years in a row. I still get hit with how bad inflation is. But a big part is that I stopped buying stuff for a couple of years. I cut back to really only make necessary purchases. Now that I have a little more available resources, and can make a few discretionary purchases, I’m hit by the last 4-5 years of inflation since I even looked. My comparison point is pre-COVID
This is all about the disconnect between feelings and actual data. The question is how to get them back in sync. Some of that is time, but people will feel negatively as long as their media keeps telling them they are worse off.
For me it’s time. I know that be all objective measures I’m better off. It’s not just the overall stats but I got decent raises two years in a row. I still get hit with how bad inflation is. But a big part is that I stopped buying stuff for a couple of years. I cut back to really only make necessary purchases. Now that I have a little more available resources, and can make a few discretionary purchases, I’m hit by the last 4-5 years of inflation since I even looked. My comparison point is pre-COVID