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Economy

progree

(11,551 posts)

6. "with nearly 10 to 15 percent more in their bank accounts than in 2019" but inflation has eaten

Reply to mahatmakanejeeves (Original post)

Tue Jul 18, 2023, 08:25 PM

Jul 2023

that up and more.

CPI: https://data.bls.gov/timeseries/CUSR0000SA0
June 2019: 255.159
June 2023: 303.841
+19.08%

So after inflation that 10 to 15 percent more has about 9% to 4% less spending power.

I chose June as its the latest data for 2023, and I wanted the same month in 2019. And I wanted to pick a mid-year month.

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Americans are still better off, with more in the bank than before the pandemic [View all] mahatmakanejeeves Jul 2023 OP

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"with nearly 10 to 15 percent more in their bank accounts than in 2019" but inflation has eaten progree Jul 2023 #6