The Wall Street Journal found itself on the defensive this week after a social media post about younger Americans and grocery spending drew millions of views,
Pfft, stupid millenials and gen z wasting all of their monies on fancy rotiserrie chickens and non processed fresh food. If they just lived on a starvation diet, they could afford their rent and insurance. They are just bad with money.
But wages have never had more buying power! The CPI and inflation adjusted numbers say so, and although we’ve changed the way it’s counted to understate it, 2-3% from 5-8% under the old unimproved metric for the last half century, just by 2008, you can totally trust we wouldn’t in bad faith understate the numbers to give every worker, every retiree, and every fixed income a pay cut every year automatically, and transferring that money to investors in gate keeping corporations. /s
Pfft, stupid millenials and gen z wasting all of their monies on fancy rotiserrie chickens and non processed fresh food. If they just lived on a starvation diet, they could afford their rent and insurance. They are just bad with money.
But wages have never had more buying power! The CPI and inflation adjusted numbers say so, and although we’ve changed the way it’s counted to understate it, 2-3% from 5-8% under the old unimproved metric for the last half century, just by 2008, you can totally trust we wouldn’t in bad faith understate the numbers to give every worker, every retiree, and every fixed income a pay cut every year automatically, and transferring that money to investors in gate keeping corporations. /s