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2 comments

[–] Kannibal [OP] 2 points (+2|-0)

If you get a $1,200 annual raise on the same day that your rent goes up by $100 a month, you don't need an accountant to tell you that you didn't actually make any financial progress. And while that's an excessively simplified example, it's nonetheless a pretty fair representation of what has been happening to most American workers over the past four decades.

[–] CDanger 0 points (+0|-0)

You even made negative progress in that scenario because you're likely paying 20%+ taxes on that raise