Inflation here? gas/grocery prices just continue to climb

UncleTrvlingJim said
Just checked and it looks like wages have been increasing at about 4.5 to 5%, so about a 3-4% deficit. If that can hold while inflation goes back to target, then it would take 2 years for the average worker to catch up to where they were prior to this spike.

There are of course other indicators of financial health, of course, but that's a rough estimate.

Sure, but I suspect you'll see wage growth shrink as inflation shrinks as well. Certainly it won't be linear, but I don't see wages catching up in 2 years. Maybe 4 or 5 years if wages stays barely ahead. I guess we'll see, but I'm a little pessimistic that wages actually catches up.