Typically you see relative to inflation. While your rent doesn’t go down, because of inflation you are probably making more money and so your real rent goes down. In some cases you rent can even go up, yet relative to inflation it goes down.
I hate to break it to you, but wages have absolutely not kept up with inflation in the long term. At least here in the US. Wages have been stagnant for decades.
Typically you see relative to inflation. While your rent doesn’t go down, because of inflation you are probably making more money and so your real rent goes down. In some cases you rent can even go up, yet relative to inflation it goes down.
Sure, Jan
Ahh that makes sense. Hadn’t thought about inflation/purchasing power etc. Good point!
that requires paychecks to keep pace with inflation. which alternate universe are you in where that’s the case?
Long term they do, but often it is lumpy where your pay loses for a few years and then they adjust it up.
Even if your pay isn’t matching inflation, it can still go up more than rent
I hate to break it to you, but wages have absolutely not kept up with inflation in the long term. At least here in the US. Wages have been stagnant for decades.
https://www.bls.gov/charts/usual-weekly-earnings/usual-weekly-earnings-over-time-total-men-women.htm#
Check the 1982 dollars table, over the last 20 years we went from ~$330 to ~$360 which means wages outpaced inflation