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  • September 12, 2008 at 10:29 PM #269924
    PadreBrian
    Participant

    To be fair wages have improved at about 4% a year since 2000. The dollar is also only worth half as much. House prices need to get down to the 2002/2003 levels for housing to get back to normal.

    September 12, 2008 at 10:34 PM #269618
    kev374
    Participant

    [quote=PadreBrian]To be fair wages have improved at about 4% a year since 2000. The dollar is also only worth half as much. House prices need to get down to the 2002/2003 levels for housing to get back to normal. [/quote]

    Not really. Real income has declined over the last 10 years. Real income is income growth minus inflation in other areas food, energy, insurance, transportation, health care etc.

    If your income grows by 4% each year but inflation is 5-6% like it’s been (disregarding the fake government numbers of 2% of course) then you’re worse off, not better off.

    September 12, 2008 at 10:34 PM #269848
    kev374
    Participant

    [quote=PadreBrian]To be fair wages have improved at about 4% a year since 2000. The dollar is also only worth half as much. House prices need to get down to the 2002/2003 levels for housing to get back to normal. [/quote]

    Not really. Real income has declined over the last 10 years. Real income is income growth minus inflation in other areas food, energy, insurance, transportation, health care etc.

    If your income grows by 4% each year but inflation is 5-6% like it’s been (disregarding the fake government numbers of 2% of course) then you’re worse off, not better off.

    September 12, 2008 at 10:34 PM #269856
    kev374
    Participant

    [quote=PadreBrian]To be fair wages have improved at about 4% a year since 2000. The dollar is also only worth half as much. House prices need to get down to the 2002/2003 levels for housing to get back to normal. [/quote]

    Not really. Real income has declined over the last 10 years. Real income is income growth minus inflation in other areas food, energy, insurance, transportation, health care etc.

    If your income grows by 4% each year but inflation is 5-6% like it’s been (disregarding the fake government numbers of 2% of course) then you’re worse off, not better off.

    September 12, 2008 at 10:34 PM #269902
    kev374
    Participant

    [quote=PadreBrian]To be fair wages have improved at about 4% a year since 2000. The dollar is also only worth half as much. House prices need to get down to the 2002/2003 levels for housing to get back to normal. [/quote]

    Not really. Real income has declined over the last 10 years. Real income is income growth minus inflation in other areas food, energy, insurance, transportation, health care etc.

    If your income grows by 4% each year but inflation is 5-6% like it’s been (disregarding the fake government numbers of 2% of course) then you’re worse off, not better off.

    September 12, 2008 at 10:34 PM #269929
    kev374
    Participant

    [quote=PadreBrian]To be fair wages have improved at about 4% a year since 2000. The dollar is also only worth half as much. House prices need to get down to the 2002/2003 levels for housing to get back to normal. [/quote]

    Not really. Real income has declined over the last 10 years. Real income is income growth minus inflation in other areas food, energy, insurance, transportation, health care etc.

    If your income grows by 4% each year but inflation is 5-6% like it’s been (disregarding the fake government numbers of 2% of course) then you’re worse off, not better off.

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