How Christians Deal with Inflation (12.07.23)

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Plain Bible Teaching Podcast

This week we’re talking about the problem of inflation. Over the last couple of years, most of us in the U.S. have become acutely aware of just how much of a problem this is. Most workers say their pay has not kept up with rising prices. This makes it difficult for everyone. As Christians, how do we handle this? We’re going to discuss that today.

STORY – Americans’ Paycheck Puzzle: Almost 2 in 3 Workers Got a Pay Increase This Year — But Say They Lost Ground to Inflation

“About two-thirds of employed Americans (64 percent) received a pay increase at some point in the 12 months since October 2022, including 38 percent who said they got a pay raise, 16 percent who indicated they found a better-paying job and 10 percent who noted they earned both, according to a new Bankrate survey. That’s up from 61 percent in the prior year’s poll, during an even stronger year for hiring. By this time last year, employers had already created almost twice as many jobs.

“But the strides Americans have been taking in their careers are getting overshadowed. More workers than last year (60 percent in 2023 versus 55 percent in 2022) say their incomes haven’t kept pace with increases in their household expenses because of inflation. Even among the workers who did get a raise or better-paying job, more than half (53 percent) say their earnings lost ground to inflation, up from 50 percent in 2022.” (Bankrate)

Inflation chart from Bankrate