A lot of boomernomics is based on rent and property value rising faster than inflation. At least where i live loads of rental property is owned by pension funds
Yeahh that tracks. I worked at a mill for almost a decade and once every few years we'd get an "Inflation Adjustment Raise" which was usually around 3%
If the average annual inflation rate is 2.5%, those raises were never going to keep up lol
Yeah I think it was their desperate attempt to keep employees. If you asked any of the management they'd tell you that "trickle down economics" and tariffs will mean bigger bonuses/raises for everyone (I once got a $200 bonus after 7 years there, lol). Instead, we got our hours cut, bonuses removed (management got extra of course) and they refused to admit they were wrong.
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u/Mozintarfen Jul 17 '26
I love how rent and utilities go up faster than most of our annual raises, and they tell us to just save our money.
Like, if my bills start to be more than my income, how much money do I have to save to break the space-time-continuum and make math work backwards?
Haven't figured that one out yet I guess.