/biz/ - Business & Finance

>>21870137
>Real terms

Okay. I'll bite. What the fuck does this mean?
Here's a real world example:
>I earn the same salary as I did last year, maybe with a 1.5% or 2% bump annual
>My rent goes up by 4%
>My groceries go up by 8%
>Takeout goes up by 20%

>"Well, in REAL terms, you're beating inflation! :)"

Stop it with the jew fuzzy math. It doesn't take an economics major to know that every dollar I earn is getting less and less valuable. My co-workers are all complaining about how the prices of everything is going up, so go ahead and explain to them how AKSHUALLY they're "real" wage is keeping up just fine while their accounts bleed faster.