Personal Finance
It’s 2024, and life officially feels more expensive.
By The Woke Salaryman  •  February 16, 2024
Hello readers! During my (Viv) Lunar New Year visitations, my grandma (aka my unofficial-walking-supermarket-price-tracker-system) lamented the increasing prices of — well, everything — from the price of toilet paper to fresh chicken breast. Even our usual reunion dinner meal at Yew Tee kopitiam increased by a hefty 17% — from $338 for 10 pax in 2023 to $398 in 2024. That’s way more than a 1% increase in GST. Jialat. But turns out, this is pretty congruent with the data we’ve been collecting. The TWS Millennial Index 2024 Two years ago, we created an unofficial, non-government-approved list on Google Sheets of what young adults would spend, and tracked how much they were affected by inflation. We called this the Millennial CPI (as opposed to the consumer price index). Millennial Index 2023/2024 (You can check out 2022 to 2023’s index highlights here.) Here’s how prices are looking for 2024:
  1. If you led a thrifty lifestyle,we estimate your monthly costs (without rent/car) would have increased by 8% from Jan 2023 to 2024.
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By The Woke Salaryman
Educating everyone to have good, healthy relationships with money.
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