Eurozone inflation falls below target to 1.9%

This is the (gross) income.

If you want to measure the living standard / costs of living, the more appropriate metric is the disposable income which is income less taxes. (So both measures are correct, they just measure different things.)

I don't know how those numbers were calculated. Most likely not correctly adjusted for inflation.

Reallohnindex (statistisches Bumdesamt)

That's the report from the federal statistics office.

With 2022 set to 100% we had 105.5% in 2019 and 103.4% in 2024.

@Don_alForno@feddit.org

The adjusted gross disposable income of households per capita in PPS (Purchasing Power Standard) in Germany increased from EUR 29,739 in 2019 to EUR 35,049 in 2023 (the latest available data according to Eurostat).

I swear :-)

For Euro zone (20 countries) it rose form EUR 24,416 in 2019 to EUR 29,562 in 2023. Similar development for the EU 27.

[Edit to correct the typo.]

Much better, although I’ll take your word for it cause the site doesn’t load properly on mobile.

@auraithx@lemmy.dbzer0.com

The adjusted gross disposable income of households per capita in PPS (Purchasing Power Standard) in the Euro zone has been rising steadily over the years.

@HK65@sopuli.xyz

So is the cost of living.

My point is that if you look at Eurostat you will see that prices took a massive jump in the past two years compared to the years before, while the increase in DPI stayed mostly steady, with a slump in the pandemic.

And cost of living indicators have a problem in that they average out larger consumer baskets, and those baskets are going to be severely different over socioeconomic groups.

And house prices and thus rent and mortgages have outpaced the DPI indicator as well, meaning homeownership is even further out of reach.

And that is again an average, which is a problem because as urbanisation is going forward, jobs are getting concentrated around HCoL areas, so it doesn't matter if homes in the middle of nowhere pad the averages in a negative direction when I can't afford those either since I can't get a job in the area.

And finally, the Eurozone is not the EU, and non-Eurozone countries were and are disproportionately hit by recessions since risk makes investors move into more stable currencies like the EUR and abandon smaller regional ones.

I'm just being negative here because a lot of the political turmoil we are experiencing has and economic basis, and the neoliberal status quo will fail if it can't stabilise living standards, and is thus invested in telling everyone that everything is alright. And if they tell everyone everything is alright, you get a Biden-esque run into a Trumpian reckoning.

Kinda meaningless if it’s not per capita and doesn’t account for inflation.

Real income at least in Germany is still below the 2019 values.

The Disposable Personal Income in the Euro zone is at an all-time high in Q4/2024 (the latest data available).

I wonder how real wages in terms of cost of living are doing. Just because things are not getting even worse does not mean people are now fine.