Con Ed Brings New Yorkers Highest Electricity Rates In America

[mathjak107]

the real profit is in what con edison does which is the transmission lines and substations.

[Kefir King]

Originally Posted by mathjak107

typically incomes grows too . the last few decades though with two back to back recessions slowed wage growth though.
my income is ten times what it was 36 years ago.

i am sure most folks are earning many times there income 36 years ago.

and your point?

How nice for you that your income increased tenfold. Marie Antoinette earned a lot more as Queen of France than as Princess of Austria. But not everyone could be the Queen of France, or you for that matter.

My point? Prices are inflating at far more than 2-3% per year and inflation is defined as the increase in the prices of goods, not an increase in wages, a decrease in bond rates, an increase in Dow Jones average or the precession of the planet Mercury.


We are suffering a high inflation rate and the government is cooking the books to deny it/lie so they can keep piling money into the banks and stock market fight wars on a credit card, and avoiding taxing to pay for the foolishness. The effects of restoring sanity are year by year become potentially more and more disastrous. I'd rather not live through the 70's AGAIN.
<which coincidentally were caused by running ANOTHER war we could not afford.>

That is my point.

[mathjak107]

you are still wrong wrong wrong about your comments about the fed cooking the cpi numbers.

web sites love to talk about the myth of the recalculation of the cpi and most of the info is just that myth.

overall the cpi is quite accurate and if you read how the numbers are calculated you will see that5 they are not and most of the changes have made it more accurate.

there is no such things going on like if steak is to expensive let them eat hamburger.

i wish i had a dime for every time that one appears.

the fact is read a little about just how the numbers are calculated and you will find as a price change indicator it does a prettygood job.

it is NOT A COST OF LIVING CALCULTOR . that is going to be unique to you.


36 years ago the social security calculator on line shows 9,230 is indexed today to 69,000 as the equivelant pay.,


that is far far more than the doubling of prices in your example.

[livingsinglenyc]

Originally Posted by mathjak107

typically incomes grows too . the last few decades though with two back to back recessions slowed wage growth though.
my income is ten times what it was 36 years ago.

i am sure most folks are earning many times there income 36 years ago.

and your point?

My income doesn't grow, in fact some of my jobs have gone down in pay what they were 10 years ago, yet con ed keeps increasing, rent keeps going up, food and other items cost more. Everyone assumes people get a yearly raise to cross balance the increases, that is Not always the case!

[mathjak107]

look at the time frame kefir is talking about ,36 years not ten years. he used the example of prices doubling at 2% inflation.

if someones income is only 2x what it was 36 years ago then in my book they are a financial failure.

like i said two back to back recessions have slowed wage growth or reduced it . but many big expenses were offset. americans are in debt up to their eyeballs.

cost of homes, mortgages ,refinancing ,auto loans college loans ,personal loans have dropped putting more and more money into most americans monthly budget.

energy costs are lower than 5 years ago. a new car is cheaper today than even a few years ago.

lots of things have gone down offsetting a lack of wage growth.

do not confuse your own personal cost of living with the country at large.