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Politics : Ask Michael Burke

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To: Broken_Clock who wrote (112081)	3/11/2008 3:28:27 PM
From: TimF	Read Replies (2) of 132070

Real dollars as in wages for working citizens are dropping against the cost of goods and services. Wages are more stagnant in real terms than dropping. Total compensation for individuals is rising. Median household income hasn't been increasing by a lot, but households have been shrinking. If your purchasing power is eroding then that is deflation to you. No, thats inflation to you. Inflation erodes purchasing power for people with fixed incomes, or incomes that aren't keeping up with inflation.

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