Deanna Fry
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The typical American household must spend an additional $11,434 annually just to maintain the same standard of living they enjoyed in January of 2021, right before inflation soared to 40-year highs
11:05 AM - Nov 29, 2023
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John Haakenson
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In response to Deanna Fry.
Classic useless article. Avg is $11.4k but in Co it’s $15.0k but for lower income folks it’s $14k. The chart per state doesn’t explain and there isn’t a link to methodology. Costs higher than income growth. No mention of corporate profits. this article doesn’t do a good job of proving it.
11:23 AM - Nov 29, 2023
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Lynne Parker
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In response to John Haakenson.
What do corporate profits have to do with any of us?
11:38 AM - Nov 29, 2023 (Edited)
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John Haakenson
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Well if operating margins and profits are at record levels then the corporations are charging way more for their products. That is a big driver of inflation. Not exclusively but a significant contributor. And the corporations spend that on dividends and stock buybacks. It’s all intertwined
In response to Lynne Parker.
01:01 PM - Nov 29, 2023
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Lynne Parker
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In response to John Haakenson.
Yeah, they certainly aren't passing that profit down to their employees.
03:51 PM - Nov 29, 2023
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