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Old 03-04-2022, 06:40 AM
 
Location: the very edge of the continent
89,174 posts, read 44,953,235 times
Reputation: 13743

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Quote:
Originally Posted by antinimby View Post
The difference was that $100K went further before Bidenflation and Democrat socialism creeping into everyday life now.

Another example is the $15 min wage. Many Democrat cities and states implemented it and the cost of the higher wages gets passed onto the consumer. Now everything is more expensive to the point that even the $15 min wage is not enough to live on and soon they will up it to $20 or $25.

It then becomes a vicious cycle that’s hard to get out from.
Exactly, and many of us warned about that while others insisted that wouldn't happen. Well... it has.
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Old 03-04-2022, 06:41 AM
 
21,975 posts, read 9,552,873 times
Reputation: 19491
Quote:
Originally Posted by Toxic Waltz View Post
Oftentimes people who make more also pay more bills, but I suspect there's more at play here in this case.
Of course there is. It's inflation and anyone with a brain knows it.
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Old 03-04-2022, 06:41 AM
 
3,560 posts, read 1,661,437 times
Reputation: 6116
Quote:
Originally Posted by illtaketwoplease View Post
We all get what they voted for. Tried to tell them but their hatred of Trump blinded them.

The right's red hot hatred of lets see, Clinton, Obama, and Biden had nothing to do with it of course....



Sorry, Trump is just a greedy incompetent idiot blowhard. Anybody alive since the 70s knows that if they ever take their partisan blinders off. He was an idiot back when he was a DEMOCRAT supporter (he lived in NYC so had to bribe Democrats back then) and not a politician himself. He was just busy bankrupting casinos that he bought and using his firehose of lies philosophy to confuse those he wanted to take advantage of. Still an idiot now that he has went neo-fascist Republican supporting far right Putin-esque policies, an incompetent wannabe crime boss.
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Old 03-04-2022, 06:41 AM
 
Location: New Jersey and hating it
12,199 posts, read 7,243,106 times
Reputation: 17473
Quote:
Originally Posted by middle-aged mom View Post
This take dates back to 2016 when inflation was 1.26%.

Based on this “ study” 44% making $100,000- $149,999 have less than $1000 in savings.

The US people are lousy savers, regardless of inflation or who sits the oval.

https://www.inc.com/minda-zetlin/mos...000-a-yea.html

US people tend to live in bigger spaces, have more stuff, dine out more frequently, etc than in the rest of the world.
Of course you want to make excuses for your Biden guy but inflation of 1.26% is normal compared to the 4%, 5%, 6% and 7% we are seeing after Biden and your Democrats gained full control the federal government.

https://www.statista.com/statistics/...ate-in-the-us/
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Old 03-04-2022, 06:41 AM
 
Location: Tricity, PL
61,888 posts, read 87,385,514 times
Reputation: 131894
People are spending money like there is no tomorrow. Credit cards and orders online made it easy and appealing. So many choices and people are bombarded by ads that tell them: you must have... !)
Filing for chapter 7 is easy and no consequences. Debts are forgiven, so why bother?

Work and shop it's all what we do...
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Old 03-04-2022, 06:43 AM
 
92 posts, read 28,020 times
Reputation: 145
$100,000 salary today- after everything is taken out- is nothing much. After all state and federal grabs, and you divide what’s left by 12 months, I don’t see how people are paying these home prices.
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Old 03-04-2022, 06:43 AM
 
21,975 posts, read 9,552,873 times
Reputation: 19491
Quote:
Originally Posted by elnina View Post
People are spending money like there is no tomorrow. Credit cards and orders online made it easy and appealing. So many choices and people are bombarded by ads that tell them: you must have... !)
Filing for chapter 7 is easy and no consequences. Debts are forgiven, so why bother?
Failing for chapter 7 is easy and no consequences.
Work and shop it's all what we do...
The sad fact is, no tomorrow is looking more likely every day.
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Old 03-04-2022, 06:47 AM
 
10,785 posts, read 5,711,392 times
Reputation: 10937
Quote:
Originally Posted by Arya Stark View Post
it has gotten totally out of control -- EVERYONE is price gouging.

It cost more for my cats ultrasound than it cost for MY ultrasound.
No they’re not. The laws of supply and demand still apply.
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Old 03-04-2022, 06:48 AM
 
Location: Tricity, PL
61,888 posts, read 87,385,514 times
Reputation: 131894
Quote:
Originally Posted by antinimby View Post
Of course you want to make excuses for your Biden guy but inflation of 1.26% is normal compared to the 4%, 5%, 6% and 7% we are seeing after Biden and your Democrats gained full control the federal government.

https://www.statista.com/statistics/...ate-in-the-us/
When there is inflation and money is getting tight it means one has to take a look at their budget and adjust accordingly.
Yes, less spending, less eating out and downsizing. Not a rocket science.
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Old 03-04-2022, 06:51 AM
 
45,676 posts, read 24,065,019 times
Reputation: 15560
Here is the absurdity. We have known about rising prices for over a year....why are people STILL consuming at record levels.

There has been no slow down in demand for goods -- and I don't mean basic -- milk, bread --- I mean 'stuff'.

In January 22nd Charleston ports set record numbers for the goods imported. AND we are have ships waiting to get into the ports..

Unemployment rate is 3.8% 678,000 jobs added in February.

It's a crazy world.
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