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Answer to Question #4588 in Macroeconomics for gershon
Question #4588
Hi,
It seems like the "cost of living" becomes rises over time, and I'm guessing that salarys are not keeping up with inflation. Is there an index (or something of the sort) that relates to the "cost of living" and the "median salary" so as to compare if the two grow together or not? That will enable me to see if it's all in my head or if I really am being squeezed more and more.
Thanks :)
Gershon
It seems like the "cost of living" becomes rises over time, and I'm guessing that salarys are not keeping up with inflation. Is there an index (or something of the sort) that relates to the "cost of living" and the "median salary" so as to compare if the two grow together or not? That will enable me to see if it's all in my head or if I really am being squeezed more and more.
Thanks :)
Gershon
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