wages rarely keep up with inflation, real inflation, most companies are till running on 1-2% COLA annually, that is far far lower than actual inflation was, a

wages rarely keep up with inflation, real inflation, most companies are till running on 1-2% COLA annually, that is far far lower than actual inflation was, and much lower than inflation is now This is on the back of many companies having a wage freeze in 2020 due to the pandemic This is also why you will see alot of companies having a turn over crisis as switching employers will not be more profitable for employee's than every before. I see every limited signs that the HR dept's at most companies even recognize this problem currently, and the few that due are powerless to stop it because it seems many companies just refuse to give large annual raises to current staff but will happily replace them at high rates. This is with out even getting started on the Time bomb of SocSec, as they also have not kept payments up to meet inflation largely because they can not. there is no money to fund it. So if your retired depending on SocSec income for your survival you are screwed, better hope you have family you can live with >If you hold a mortgage, it can potentially be good... Hold debt is only good if you wages go up more than inflation. While sure you may pay less for the home itself, you repair and maintenance expenses are going up... Right now, some repair and maintenance cost for home ownership are leading inflation by ALOT