Let’s say you earn $80,000 per year or about $1,600 per week.
About 22% of your income is going to taxes. So if you work 5 days per week it means you’re working all of Monday to pay your taxes, and part of Tuesday.
Poof! Your hard work up in a puff of smoke.
So you have about 3.5 days left for everything else.
Let’s call it $1,000 for stuff like food, electricity and gas.
Let’s say inflation rises by 10%.
Sure, that’s a steep rise but let’s go with 10% to keep the math simple.
That means your $1,000 is really now only buying about $900 worth of stuff.
So unless you can talk your boss into giving you a pay rise, that $100 bucks a week’s gone.
That’s not my opinion.
What a damn tragedy.
I genuinely wonder if our politicians realize how serious this is.
Maybe they do, and don't care?
It’s been over a generation since people have had to deal with the brutal reality that their hard-earned money is losing value as it sits in their wallets.
It’s one thing when you don’t feel like you’re getting ahead in life.
But it’s another thing altogether to realize that you’re going backwards.