Installation Piece Statement:
This soda can installation visualizes the stark realities of economic inflation over the past decade. This installation encourages interaction with its viewers to physical touch and read all of the information gathered. This piece underscores the financial pressures faced by many and the daily challenges of maintaining financial stability in today’s economy.
The Information that’s listed on the cans are below
- Inflation has increased 27.4 percent in the last 10 years
- Average hourly wage has increased 45.22 percent in the last 10 years
- U.S Home Price Index has increased 95.7 percent in the last 10 years
- U.S National Debt today is $34,786,265,000,000
- The average federal student loan debt has more than doubled since 2007, from $18,233 in 2007 to $37,850 in 2024.
- The most recent data from the US Census Bureau shows that the national poverty rate is 11.5%. To put that into perspective, that’s 37.9 million people living in poverty in America.
- The cost of food rose 2.2 percent in the last year
- $10,000 in January 2023 is equivalent to $10,486 in April 2024
- Average Gas Price by year
- Chart of Nominal wage growth vs Inflation
Links to the information found
#1 https://www.usinflationcalculator.com/inflation/current-inflation-rates/
#3 https://fred.stlouisfed.org/series/CSUSHPINSA
#4 https://www.usdebtclock.org/
#6 https://brightlanelearning.org/2024/01/poverty-in-america/
#7 https://www.bls.gov/news.release/cpi.nr0.htm
#8 https://www.bls.gov/data/inflation_calculator.htm
#9 https://www.creditdonkey.com/gas-price-history.html
#10 https://www.stlouisfed.org/on-the-economy/2023/feb/nominal-wage-growth-individual-level-2022
September 17, 2024 at 2:04 pm
It can installation truly highlights the impact of economic inflation over the past decade, providing a tangible representation of the financial struggles many face. The statistics are alarming, especially when considering how inflation has outpaced wage growth and contributed to issues like skyrocketing home prices and national debt. It’s a powerful visual that underscores the pressures of maintaining financial stability in today’s economy. If you’re exploring ways to manage financial challenges through trading, platforms like Pocket Option might offer opportunities to trade and potentially grow your income. You can find more information about Pocket Option at this source https://revieweek.com/review/pocketoption/ where a comprehensive review provides insights into how the platform works. It’s always essential to stay informed and explore different avenues, whether through art, data, or trading platforms.
November 22, 2024 at 9:49 am
It brings attention to inflation, rising costs, and the financial challenges that many face today. In this context, many people are looking for new ways to build wealth and manage their finances. Trading can be a way to potentially grow your financial resources, and source from here can offer insights into how modern trading works and provide tools to help you navigate the markets. Embracing new methods for wealth generation is crucial in today’s economy, and trading could be an effective tool to explore.