Anyone else really not being impacted by current economic conditions? (solution, how much)
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Please add what area you are from? I'm in NY State - prices have risen across the board. I usually shop Aldi's and the prices there have gone up 20-80 cents on most items. Milk is still the same but everything else has gone up. The Dollar Tree is raising their prices to $1.25 - now maybe that doesn't seem like a lot to you but the seniors in the HUD apartments who actually do a lot of their grocery shopping at the Dollar Tree will certainly see the difference.
It's very easy to say - hasn't affected me and assume it doesn't affect others.
I thought I had. Just outside Austin, Texas.
And based on the comments in this thread, it appears others haven't been affected much by the current condition (which was what my OP asked). Sorry if you have, but for those of us that have lived through some serious inflation, listening to a bunch of Henny Pennys day in and out on this forum gets a bit boring (and I think it's more than obvious there's quite a bit of bias based on political dislikes).
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For those not affected by these increases - perhaps you can kindly donate money, food or necessities to those in your area who will be affected. I clearance shop and have already made 20 bags of goodies to be handed out to Seniors living in the HUD apartments and 7 baskets of items for abused women. Maybe forego that wine and buy some diapers or another turkey for a family that needs it.
Most of my expenses are fixed debt payments for house, boats, etc. I spend very little on gas. Food is so much cheaper than when the kids were at home that it seems like it is free. Covid has cut into our restaurant eating. So overall, I got more in the bank now than I did a year ago and am not really noticing the inflation except when I fill my tank every three weeks or so.
So far, so good but if the inflationary cycle keeps up then eventually it will hit as we are on fixed incomes with no hope of them ever being increased.
I sure have. Not sure what that has to do with anything.
You were saying that it's not that bad and that people are probably doing much better because they got a $2 per hour increase.
I suspect many are and will stand by that, since the increases in gas and food prices would not surpass that, based on what I'm seeing from what the norm was (not the pandemic norm).
For those not affected by these increases - perhaps you can kindly donate money, food or necessities to those in your area who will be affected. I clearance shop and have already made 20 bags of goodies to be handed out to Seniors living in the HUD apartments and 7 baskets of items for abused women. Maybe forego that wine and buy some diapers or another turkey for a family that needs it.
I answered just fine based on your previous comment.
And I won't assume that because it's disingenuous. Gas going up slightly higher than normal is all we're talking about here. There was no $1.40 jump except for people making a disingenuous argument using last year's pandemic as their basis (a complete anomaly). More than likely, instead of that near 70% increase you're claiming, it would be closer to 20-23% from what the normal price of gas was. Since I moved to Texas, regular unleaded has always been somewhere in the $2.30 range. I could get it today for $2.76 (bfd). Sorry, I'm not into nonsense comparing with the ridiculously low demand we had last year. Anyone trying to have an honest conversation wouldn't use that as their justification. But it's obvious that's not your intent.
You're right....national average pre-pandemic was $2.40 so $1.00 jump instead of $1.40. So knock $500 off that $1,750 per year increase in gas cost.
You're right....national average pre-pandemic was $2.40 so $1.00 jump instead of $1.40. So knock $500 off that $1,750 per year increase in gas cost.
I'll give you 70 cents on Texas and 90 cents nationally (final offer from gasbuddy). At 14,400 miles per year and 25 mpg (both U.S. averages), that gets the average driver to $518.40.
For those not affected by these increases - perhaps you can kindly donate money, food or necessities to those in your area who will be affected. I clearance shop and have already made 20 bags of goodies to be handed out to Seniors living in the HUD apartments and 7 baskets of items for abused women. Maybe forego that wine and buy some diapers or another turkey for a family that needs it.
I note you are donating to elderly in need and that is fine. But, I was watching the local news a couple nights back and they were showing the annual turkey handout at the food bank. Cars were lined up for a couple miles to get a free bird that costs no more than it did last Thanksgiving. But what was wrong with this scene? Well, I noticed that virtually all of the cars were late model SUVs driven by fat-asses that haven't missed a meal in years from the looks of them. When they get out of the turkey line they will head to a store to put their kids names on a tree for free gifts - and probably a couple more stores to do the same before they are finished. I have to agree with my Republican friends here. There are way too many moochers in this country waiting for free stuff paid for by their neighbors who are working.
So how about they get a job instead of a free turkey this year? There is a Help Wanted sign hanging in every store front in America. Restaurants are closing because they can't get help. Goods are stuck in a labor-short supply snafu. Enough is enough.
Plenty of homeowners have had their mortgage payments reduced by refinancing with historically low interest rates.....oops.
People who would be heavily impacted by that $2.00 an hour wage increase you were just marveling about are unlikely to be homeowners, and if they are, most likely they own a lower priced home where refinancing makes less of an impact. Refinancing is not free, BTW.
People who would be heavily impacted by that $2.00 an hour wage increase you were just marveling about are unlikely to be homeowners, and if they are, most likely they own a lower priced home where refinancing makes less of an impact. Refinancing is not free, BTW.
I didn't say people that were heavily impacted, but rather just pointing out that's all it would take regardless of job occupation. Refinancing costs are typically built into the new loan and the homeowner is left with the lower monthly payment and lower overall total.
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