Income hasn’t kept up with inflation, so you have a widening gap
The prices may be proportional, but the average “purchasing power” has decreased. Most family units have more than a single income now, but they still struggle.
Inflation goes up (which devalues our income), but our wages have gone up much slower… so we have a widening gap of “purchasing power” that people’s budget can feel
The “prices” may be proportional, but the ability to afford them is certainly not
Inflation vs income
Income hasn’t kept up with inflation, so you have a widening gap
The prices may be proportional, but the average “purchasing power” has decreased. Most family units have more than a single income now, but they still struggle.
Inflation goes up (which devalues our income), but our wages have gone up much slower… so we have a widening gap of “purchasing power” that people’s budget can feel
The “prices” may be proportional, but the ability to afford them is certainly not