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Old 01-02-2016, 11:22 AM
 
22,768 posts, read 30,665,206 times
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Quote:
Originally Posted by mathjak107 View Post
HIGHER RATES AND HIGHER INFLATION ARE USUALLY JOINED AT THE HIP .
Higher rates are typically pursued by policymakers as an antidote to inflation. Higher rates do not cause inflation.

At today's Fed, there doesn't seem to be a lot of agreement on how to measure inflation anymore. In many cases they're looking at unemployment rates.

Last edited by le roi; 01-02-2016 at 11:45 AM..
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Old 01-02-2016, 11:24 AM
 
Location: Baltimore, MD
5,302 posts, read 5,982,141 times
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Quote:
Originally Posted by mathjak107 View Post
while yes that is the average check , for retirees it is higher . the average numbers take in to consideration all those who collect pre 62 like children . it looks like most folks file early when you look at the raw numbers of those collecting at 62 .

but once you dissect the numbers you find retirees are actually taking it later then 62 as a group . the problem is there is no differentiation made .
Not quite correct. A retired worker's average benefit is about $1340/month.

https://www.ssa.gov/policy/docs/quic...stat_snapshot/


Last edited by lenora; 01-02-2016 at 11:29 AM.. Reason: corrected link, etc
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Old 01-02-2016, 11:24 AM
 
106,213 posts, read 108,191,934 times
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yep . higher inflation and higher rates generally go hand in hand . sometimes the spread is a little better and sometimes a little worse . we have had negative real returns on cash instruments at all sorts of rates .
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Old 01-02-2016, 11:26 AM
 
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Quote:
Originally Posted by freemkt View Post
You appear to see a monolithic group of those who "weren't prudent enough to save enough for retirement". In addition to your group I see also a group of those who did not earn enough to adequately save for retirement, e.g. burger flippers.

Do you make any distinction between these two groups and are different policy approaches appropriate for each?
none
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Old 01-02-2016, 11:29 AM
 
106,213 posts, read 108,191,934 times
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Quote:
Originally Posted by lenora View Post
Not quite correct. A retired worker's average benefit is about $1340/month.

https://www.ssa.gov/policy/docs/quic...stat_snapshot/
no one is average though . half get more and half get less
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Old 01-02-2016, 11:32 AM
 
Location: SoCal
20,160 posts, read 12,706,609 times
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Isn't SS the safety net for the 31% who don't have anything as far as retirement benefit? Not a life of luxury in high COL but why live in high COL area if you don't have resource. Wasn't there a thread about somebody move to Las Vegas on very limited income.
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Old 01-02-2016, 11:39 AM
 
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Quote:
Originally Posted by mathjak107 View Post
none

You expect the low-income frugal to save as much as the middle-income wastrels?
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Old 01-02-2016, 11:41 AM
 
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no , i expect the middle class wastrels to be on par with the frugal lower income earners .
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Old 01-02-2016, 11:41 AM
 
33,016 posts, read 27,380,365 times
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Quote:
Originally Posted by NewbieHere View Post
Isn't SS the safety net for the 31% who don't have anything as far as retirement benefit? Not a life of luxury in high COL but why live in high COL area if you don't have resource. Wasn't there a thread about somebody move to Las Vegas on very limited income.

Not really, since SS was never intended to be a retiree's sole source of support.
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Old 01-02-2016, 11:42 AM
 
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Quote:
Originally Posted by mathjak107 View Post
no , i expect the middle class wastrels to be on par with the frugal lower income earners .


So you don't expect the low earners to save anything for retirement?
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