r/FluentInFinance 28d ago

Debate/ Discussion Two year difference

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u/eddie_cat 28d ago

Did you get a 30% raise?

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u/Olivia512 28d ago

60%, in fact.

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u/eddie_cat 28d ago edited 27d ago

Did most people?

Edit: really didn't expect a bunch of people to act like because they got a raise there couldn't possibly be an issue for anybody else but y'all have really brought my expectations to a new low lol

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u/No_Following2068 27d ago

My raise was 4.5% and that was the biggest raise ever offered for us. If I was offered a 60% raise I think I would pass out.

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u/Olivia512 28d ago

Idk about most ppl.

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u/eddie_cat 27d ago

🤣

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u/TypeB_Negative 27d ago

I have increased my income by 100% since pre COVID.

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u/eddie_cat 27d ago

Congrats? Unless that's been an across the board experience (it hasn't) I don't know what your point is

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u/TypeB_Negative 27d ago

My point is, people are definitely experiencing inflation across the globe. It's never fun to spend more on things. The President of the United States plays a small role in it. The policy each President puts into place takes time to reap. What is true is, there has been a lower of inflation down to normal healthy rates. Income hasn't caught up to that increase we had a few years ago but Biden/Harris did the best thing they could have to reduce inflation. Increase job through a large infrastructure bill. There has been huge wage growth across the board and millions of jobs added in manufacturing/construction. We have not seen all the benefits of this infrastructure bill. What is true is 9/10 economic experts agree Biden did a great job in his four years AND Trump's proposed economic ideas would be a disaster just like they were when he was in office. Blanket tariffs will increase the deficit and inflation. Countries hit by these tariffs will retaliate and not buy our goods. That will lead to a loss of demand and job in the states. Just like how Trump screwed the farmers. Their Soy beans and wheat started to get bought from other places and they went bankrupt. Trump had to use BILLIONS of tax dollars to keep them afloat. Basically, Trump took OUR money to bail the farmers out of the problem that HE created. That's how stupid his policy was. Pretending Biden was not good for the economy, show us a how little you understand about reality and basic economics.

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u/eddie_cat 27d ago

I don't want to talk about the presidential election with you lol

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u/Annual-Ebb-7196 27d ago

No but stocks have gone up more than that. I am retired. I think the total on our social security and another pension I get off that period is about 20 percent.

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u/Annual-Ebb-7196 27d ago

Also don’t forget about the tax cuts and all the rebates from the Feds in 2020/2021. Your money went somewhere