this post was submitted on 07 Nov 2024
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My wife is a teacher, so we use her healthcare, but I still peek in at the healthcare at my job when enrollment comes along, just to be diligent.
It went up 20% this year, from $600 to $720. If you make $30K a year and got a 3% cost of living adjustment, you make less this year than last year from healthcare alone.
Food, gas, rent, cars, childcare, utilities, everything is up. I guess it's cool that US steel or something might be doing well, and the stock market is up, but that minimally affects the day to day of most people.
My raises, baring promotion, are 2% a year. I did the math. I’ve lost $10,000 a year to inflation at this point. In aggregate it’s around $22,000 at this point.
And yet every newscast has a stock ticker. Even NPR gives the stock index ratings several times a day.
Even Trump loved ranting about his stock market.
Stock markets are just one measure though. Just like you don't know the weather by just looking at a thermometer, you don't know the economy by just looking at the stock market.