[xwx]

Sorry to hear about that.

I doubt it makes you feel any better, but isn't that an effective cut of 4.4%?

As a starting point, original pay was 100% of original pay. A year later, the same amount in real terms is, in nominal terms, 106.2% of the original amount (at 6.2% interest). But, if you're being paid 101.5% of the original amount, in nominal terms, then in real terms you're being paid (101.5/106.2) = 0.9557... of the original amount. Which is about a 4.4% cut in real terms.

[deanmoriarty]

I am truly fascinated by your comment. I have to ask, what was the mental process that brought you to write it?

I am specifically wondering why a person would write such a pedantic (in my opinion, no offense whatsoever) comment, stated with absolute seriousness.

Is this just an instance of “someone is factually wrong on the Internet and I _have_ to correct them”, or were you really thinking there would be a chance that the OP would feel better as a result of your observation?

[giantg2]

I mean, even though it made me feel even more shitty, it was a good reminder that I made raw common mistake of subtracting two percentages vs dividing to form the new percentage. I should have known better.

[giantg2]

Ok