> Real income decreasing by 2.3% means you have less money.
You still appear to not understand.
You have MORE money in your paycheck (if you were a median income earner in both 2021 and 2022). That money just has less purchasing power by a greater amount than the increase in money.
More money (nominal income is up), but less purchasing power (real income is down).
You still appear to not understand.
You have MORE money in your paycheck (if you were a median income earner in both 2021 and 2022). That money just has less purchasing power by a greater amount than the increase in money.
More money (nominal income is up), but less purchasing power (real income is down).