Hey Dude, Where's My Money?
In today's world of rising inflation, it's not uncommon to find ourselves scratching our heads and wondering how — despite earning more — we still struggle to make ends meet.
Take a look at this Reddit user's dilemma, for example: Back in 2013, their monthly income of $2,200 allowed them to live a comfortable life — complete with a mid-level apartment, a reliable car, ample groceries, and even an annual vacation. Fast forward to now, with an increased income of $4,000 per month, and it's a different story. Despite downsizing to a smaller apartment, cutting back on groceries, and settling for smaller trips, they say they're left with roughly $100 at the end of the month.
It begs the question: Why does it seem like financial stability has become more elusive, even as our paychecks grow fatter? Here's what Redditors had to say about the disconcerting (yet very common) trend.
Related: 7 Simple Ways to Save Money Now