Given the high inflation rate of the past few years, I wondered what my \*real\* salary looked like for a job I started in Oct of 2019. So I adjusted it on a monthly basis using CPI data from the Bureau of Labor Statistics.
Many months during 2021 and 2022, my salary was actually \*less\* than when I started, despite quite sizable yearly raises. I now make $111k yearly but this is equivalent to only $90k in 2019. Â I am a chemical engineer with a PhD. Male/36
I thought this would be useful for visualizing how inflation can make you feel like you’re falling behind. It sure did for me.
Edit: I can provide the formulas/spreadsheet used to make adjustments if anyone is interested.
[deleted] on
[deleted]
HarmxnS on
This is beautiful, and kinda sad. We think we’re making progress, but technically we aren’t.
A 24K salary increase from 2019 to 2024, and you’re ‘only’ really making 6K more per year.
Mettelor on
It could be interesting to show the adjusted-pre-salary too, idk. It almost seems like you’re leaving a piece out of the puzzle here with the way you’re showing 3/4 lines
Sharp looking graph though, neat to see.
Skensis on
Very interesting data.
Same job?
At least for my changing jobs is what really helped me exceed inflation for wage growth.
hazxrrd on
You posted this 18 days ago why not wait til the next CPI Oct. 10?
browlop on
The impressive part to me is that you are getting consistent annual raises…
SSupreme_ on
I feel like there is something missing here. This can’t be totally accurate.
ThinkShower on
Sometimes you eat the bar..
Garen-Brisingr on
@OP: Could you possibly share the spreadsheet version? Would love to look at the same for myself
bestjakeisbest on
Look at mister money bags over here, beating inflation.
-ObviousConcept on
Yeah 40 year highs in inflation will do that to you…
12 Comments
Data Source: My monthly salary + CPIAUCSL Inflation Data from FRED (https://fred.stlouisfed.org/series/CPIAUCSL)
Tools: Microsoft Excel
Given the high inflation rate of the past few years, I wondered what my \*real\* salary looked like for a job I started in Oct of 2019. So I adjusted it on a monthly basis using CPI data from the Bureau of Labor Statistics.
Many months during 2021 and 2022, my salary was actually \*less\* than when I started, despite quite sizable yearly raises. I now make $111k yearly but this is equivalent to only $90k in 2019. Â I am a chemical engineer with a PhD. Male/36
I thought this would be useful for visualizing how inflation can make you feel like you’re falling behind. It sure did for me.
Edit: I can provide the formulas/spreadsheet used to make adjustments if anyone is interested.
[deleted]
This is beautiful, and kinda sad. We think we’re making progress, but technically we aren’t.
A 24K salary increase from 2019 to 2024, and you’re ‘only’ really making 6K more per year.
It could be interesting to show the adjusted-pre-salary too, idk. It almost seems like you’re leaving a piece out of the puzzle here with the way you’re showing 3/4 lines
Sharp looking graph though, neat to see.
Very interesting data.
Same job?
At least for my changing jobs is what really helped me exceed inflation for wage growth.
You posted this 18 days ago why not wait til the next CPI Oct. 10?
The impressive part to me is that you are getting consistent annual raises…
I feel like there is something missing here. This can’t be totally accurate.
Sometimes you eat the bar..
@OP: Could you possibly share the spreadsheet version? Would love to look at the same for myself
Look at mister money bags over here, beating inflation.
Yeah 40 year highs in inflation will do that to you…