Report: Inflation giving Illinoisans a massive pay cut – Center Square

“We do know that wage growth is slower in Illinois than in other states,” said Bryce Hill, senior research analyst for the Illinois Policy Institute. “It is very likely that inflation is taking a larger chunk out of Illinoisans' income than it is in other states.”
2 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
debtsor
1 year ago

It seems like I spend $100 every time I leave my house, between filling my gas tank, grabbing lunch for my child and spouse, picking up a few groceries for the week, buying landscaping at Home Depot, every time I get in my car to go somewhere it costs me $100. So I just spend a lot of time drinking beer on my deck instead…

Last edited 1 year ago by debtsor
James
1 year ago
Reply to  debtsor

I’ll give you something to soothe your nerves on that topic, or at least it helps me with it. Just think of today’s $100 as buying the same amount of goods and services as $10 bought circa 1970-ish. So, essentially I do my best to thing of every bill I get as divided by 10 so I don’t get blood pressure problems thinking about it. If you could afford to pay $10 in 1970 without losing your cool you can likely afford to pay $100 today without having a heart attack over it either. Actually, I’m more likely to look… Read more »

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check all you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Gov. Pritzker is using the threat of budget cuts to get more tax hikes passed – Wirepoints joins Tom Miller of WJPF Carbondale

Ted joined Tom Miller of WJPF to talk about the details of Gov. Pritzker’s proposed $52 billion budget, why the state is struggling now that federal covid dollars have run out, the controversy surrounding Tier 2 government pensions, why Illinois’ expensive education system fails to teach children to read, the outrageous demands of the Chicago Teachers Union, and more.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE