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A staggering 80% of American households are financially worse off than they were before COVID-19
(finance.yahoo.com)
this post was submitted on 07 Nov 2023
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I'm going for a couple promotions because I hope they'll help me catch up. But I'm not at all sure I'll catch up even if they work out.
I'm in the same boat. Making more money than last year but I'm still down anyway because my dollar doesn't go very far.
Feels like running to stand still.
I got a nice bump in salary every year, and then my taxes picked up and it's all gone. I literally made 1% more than I did four years ago.
I'm seriously considering jumping ship, as it's the only way to truly increase a salary in my industry.
Seems like the grocery bill alone is enough to eat up any increases in pay.
And it seems crazy that shopping around pays better than staying put but that's usually how it is.
It's true of every industry. No company is going to pay you more just for sticking around.
Where are you located? Tax rates are progressive in the US, or are you including a property tax bump or something in your calculation?