Called the “invisible tax” because it allows government agencies to print money, soaring inflation has crippled renter household budgets for years. The rate of increase is beginning to slow but residents have yet to find financial relief. After accounting for inflation, hourly wages have barely budged since 2020. Well over half of working Americans say their income has lagged inflation over the past 12 months as the level of misery rises with inflation.
SKY HIGH GROCERY
STORE -1523
DEVALUATION, AK
Tel: 332-542-2329
RECEIPT: 028170
DATE: 12/12/2023
CASHIER: MILES TAGO
ITEM JAN 2020 OCT 2023
ORANGE JUICE 2.32 3.67
12-PACK SODA 4.33 6.77
COFFEE 4.17 6.18
WHITE BREAD 1.35 2.00
EGGS 1.46 2.07
YOGURT (32 OZ) 4.43 6.28
CHICKEN BREAST (2 LBS) 6.12 8.44
GROUND BEEF (1 LB) 3.89 5.23
UNCOOKED RICE (1 BOX) 1.43 1.92
ROMAINE LETTUCE 2.16 2.72
LARGE POTATOES (4) 3.21 4.02
MILK 3.25 3.93
BUTTER 3.86 4.55
BANANA BRUNCH (2 LBS) 1.14 1.25
TOMATOES 2.22 1.87
SUB TOTAL 45.34 60.90
TAX
TOTAL $45.34 $60.90
That’s $15.56 More!
THANK YOU AND HAVE A NICE DAY!
$1.03T Credit card debt is at an all-time high breaking pre-lockdown levels ($806B)
107% The greatest increase in credit card spending was at self-serving fuel pumps but also across major categories: groceries, restaurants, fast food.
-10% drop in job-satisfaction in just the last year alone—the lowest drop since early 2020
34% of workers dread starting their workday—an 11-point rise since 2020. People feel micromanaged back into offices, yet dislike the isolation of hybrid/remote work. And a cooling job market—especially white-collar roles—leave professionals feeling stuck.
2023 deemed “the year of efficiency” by Meta CEO Mark Zuckerberg. Companies are shifting from broad initiatives to the minutiae of everyday work. This is accomplished through an endless stream of metrics available through technology.
240,000 tech layoffs plus at least another 20,000 more layoffs across other sectors in the U.S. in 2023
+25% MAJOR APPLIANCES
+12% ELECTRICITY
+23% COFFEE
+25% GROCERIES
+20% RENT
+16% WATER, SEWAGE
+24% RESTAURANT FOOD
+32% CHILDCARE SINCE 2019
+17% PET FOOD, SUPPLIES
SOURCE: INFLATION IS MAKING AMERICANS HATE THE US ECONOMY，JUST HOW BAD IS THE US COST-OF-LIVING SQUEEZE? WE DID THE MATH, READE PICKERT, JENNAH HAQUE, ECONOMICS + BUSINESS WEEK, NOV. 27 2023; NEW YORK FEDERAL RESERVE; CREDIT ONE BANK; FORBES ADVISOR; EXPERIAN DATA; BAMBOOHR ANALYSIS OF DATA FROM MORE THAN 57,000 WORKERS ON JOB-SATISFACTION; WSJ.COM; TECH FIRMS, WALL STREET LEAD JOB CUTS IN CORPORATE AMERICA, REUTERS
