WaldoStacker 2 years ago

From May 2022-2023, real average hourly earnings were 4.2% (CPI=4%), and after adjusting for fewer hours per week real earnings were actually 3.3% In the same time period, shelter (8%) and transportation services (10+%) were more than 2x wages Saving in #bitcoin  can fix this

WaldoStacker 2 years ago

Charts for Pre-Coiners™️ Of workers' three largest expenses, "transportation" is a tricky category in that there are many options. However, for those using transportation services, trying to feed and house their families, wages aren't even close to inflation. Got #bitcoin ?

WaldoStacker 2 years ago

White House claim: "In May, real average hourly earnings rose 0.3% over the month and 0.2% over the last 12 months" The problem? This is based on CPI at 4%, NOT food at 6.7% and housing at 8% (2 of 3 largest expenses). Inflation-adjusted wages are NOT positive. Got #bitcoin ?

WaldoStacker 2 years ago

For every $100, the bottom quintile spends $43 on housing/$14 on food, whereas the top quintile spends $32 on housing/$11 dollars on food. Inflation in May for food was 6.7% and housing was 8% (CPI=4%). The less income you make, the more inflation steals from you Got #bitcoin ?

WaldoStacker 2 years ago

Charts for Pre-Coiners™️ Don't let the headlines fool you: median wages have not kept up with inflation on food nor housing over the last 10 years Many above this middle worker face a similar fate, and everyone below is much worse off Saving in #bitcoin  over time can fix this

WaldoStacker 2 years ago

Charts for Pre-Coiners™️ Don't let the headlines fool you: median wages have not kept up with inflation on food nor housing over the last 20 years Many above this middle worker face a similar fate, and everyone below is much worse off Saving in #bitcoin  over time can fix this

WaldoStacker 2 years ago

Inflation is *only* 4%, cool, right? Wrong. Especially if you spend a higher proportion of your income on food at home (5.8%), food away from home (8.3%), electricity (5.9%), and shelter (8%). And wages aren't keeping up. Saving long-term in #bitcoin  can combat this.

WaldoStacker 2 years ago

What proportion of your income are you spending on food each month? If that number is in the double-digits, you are disproportionately affected by inflation. Fortunately, saving in #bitcoin  long-term can protect your family from costs rising faster than wages.

WaldoStacker 2 years ago

In 2021, the bottom quintile spent 30.6% of income on food, whereas the top quintile spent 7.6% (USDA) While we would expect this, we may not expect food prices being much higher than CPI and this disproportionately affecting lower income workers Saving in #bitcoin  can fix this

WaldoStacker 2 years ago

In 2022 when inflation was 7.9%, wages increased 3.4% and when inflation was 6.4%, wages increased 4.2% (WTW) There will be celebration in the media when wages stay above CPI (as if 2020-2022 never happened) Saving in #bitcoin  long-term can provide an exit from this losing game

WaldoStacker 2 years ago

Caution with charts; this one appeared on the White House site, and the accompanying paragraph notes inflation and wages are equalizing (yay!). Wrong. First, the previous disparity has not been made up for. Second, CPI is lower than most workers' daily expenses. Got #bitcoin ?

WaldoStacker 2 years ago

Charts for Pre-Coiners™️ "I'm making more money than I was before, so I must be winning." Wrong. Between January 2021 and April 2023, real wages (inflation adjusted) are down -3.3%. As your purchasing power decreases, it may be wise to start saving long term to combat this: #bitcoin

WaldoStacker 2 years ago

Half of the respondents in Forbes' survey indicated they used a high-yield savings account (~5%) to save for long-term goals Their money is losing value slower than in a regular savings account but it's still losing value How much more would they save if they saved in #bitcoin ?

WaldoStacker 2 years ago

Inflation varies for workers according to their expenditures: In 2002, the lower quintiles spent a greater proportion on electricity and food than the higher ones In April 2023, YoY food was +7.7% and electricity was +8.4% (CPI=4.9%) Saving in #bitcoin  can combat this

WaldoStacker 2 years ago

Inflation varies for workers according to their expenditures In 2020, the lower quintiles spent more on housing and food than the higher quintiles In April 2023, food was +7.7% and shelter was +8.1 (CPI=4.9%) The lower quintiles could benefit greatly from saving in #bitcoin

WaldoStacker 2 years ago

A guaranteed "up and to the right" chart is consumer debt. Skyrocketing rates combined with higher-than-ever borrowing don't bode well for the health of workers and their families over the long term. Saving in #bitcoin  over time, however, can help them exit the insanity.

WaldoStacker 2 years ago

"What would you do if you received $5,000 today?" What if the 'save in high-yield savings account' (19%), 'pay off debt' (18%), 'save in CD' (9%), and 'invest in stocks' (9%) groups just saved in bitcoin for a few years instead? #Bitcoin  is superior savings technology.

WaldoStacker 2 years ago

The Personal Saving Rate is still well below its pre-Covid levels If workers are able to save longer term, then saving in #bitcoin  is far superior to saving in dollars Arguably, this strategy could also even require a lower proportion of disposable income to be saved over time

WaldoStacker 2 years ago

From Q4 2021 - Q4 2022, American households have experienced a sharp decline in disposable income compared to their peers. Taking on more debt doesn't fix this long-term, but saving in #bitcoin  can.

WaldoStacker 2 years ago

"GOBankingRates recently surveyed 1,000 Americans ages 18+ and found that 32.9% have no more than $100 in their savings account. In a similar study conducted in 2022, 22% of Americans responded they had $100 or less in savings." Prices go up, wages don't keep up, got #bitcoin ?