You're earning more and affording less, and it's not because you're bad with money. The latest inflation numbers show that most American workers effectively took a pay cut this year, even if their salary went up.
I am not following your argument, or your figures. The trend line is clearly for increasing living standards since 2016, with a statistical spike in the pandemic. I can easily google trends earlier for the past 25, 50, 100 and the same basic trend plays out.
The data clearly reveals improving living standards over time with minor bumps up and down on the trend line as certain economic factors play out (gas spikes, etc).
I am not following your argument, or your figures. The trend line is clearly for increasing living standards since 2016, with a statistical spike in the pandemic. I can easily google trends earlier for the past 25, 50, 100 and the same basic trend plays out.
The data clearly reveals improving living standards over time with minor bumps up and down on the trend line as certain economic factors play out (gas spikes, etc).
No doubt there has been growth over the past 10 years and even the past 100 years. You can learn more about that here: https://www.mondayeconomist.com/p/how-sandwiches-can-explain-100-years
This week's article is really about a lack of growth over the past 12 months.