@return2ozma to A Boring Dystopia • 6 months agoStudents borrowing from the federal government this fall will face the highest interest rate in more than a decadewww.nbcnews.comexternal-linkmessage-square14arrow-up1171arrow-down14cross-posted to: news
arrow-up1167arrow-down1external-linkStudents borrowing from the federal government this fall will face the highest interest rate in more than a decadewww.nbcnews.com@return2ozma to A Boring Dystopia • 6 months agomessage-square14cross-posted to: news
minus-squareMxM111linkfedilink10•6 months agoExcept now inflation is higher, so, effectively the rate is smaller.
minus-squareZarcherlink1•6 months agoThat’s only really true if your salary would grow at the rate of inflation. Which is definitely not the case.
minus-squareMxM111linkfedilink1•6 months agoWe will see, but so far the income per person grows quite steady adjusted for inflation if one removes random fluctuations over time: https://united-states.reaproject.org/analysis/comparative-trends-analysis/per_capita_personal_income/tools/0/0/
Except now inflation is higher, so, effectively the rate is smaller.
That’s only really true if your salary would grow at the rate of inflation. Which is definitely not the case.
We will see, but so far the income per person grows quite steady adjusted for inflation if one removes random fluctuations over time: https://united-states.reaproject.org/analysis/comparative-trends-analysis/per_capita_personal_income/tools/0/0/