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For the bottom 99%, it’s been dropping for decades.
Quote:
Originally Posted by MissTerri
I see dramatic increases in food prices, gas prices, electricity and gas prices. Our dollars definitely do not go as far as they used to. Inflation is taking it’s toll.
And we have a recession around the corner. I hate these idiots. I never ever worried about a thing with Trump. The economy was great. My stocks were all doing great, I never worried about nuclear war. I felt very safe.
Now everything is opposite and we are being invaded by illegals that get gifts to come over and invade us and bring their drugs and crime.
I have no use for these anti American people in the White House. They shoud be removed.
It's part of the plan. Make the cost of living so high that people beg the ruling elite to help them. Then the ruling elite can fully implement communism and enrich themselves
So after all of that planning, saving and investing, you still have to "hope"
Oh, absolutely! Almost everyone will be a significant 'victim' of simple bad timing at some point in their life. Whether it be investing or just bad timing with some major purchase. And then of course we all hope to reap gains from some positive serendipity as well.
For instance the simple timing of when you start to save and invest can have enormous effect on your future standard of living.
It takes time and patience. IMO today's inflation is a temporary blip. Significant, but temporary. IMO we will not revisit the '70's where significant inflation was long lasting.
We won't see ten percent interest rates on passbook accounts again for a long time. They were very good to me while they lasted.
If you aren't making enough to handle it, get a better job. Problem solved.
This is what GOPers have said for years when people were fighting for higher wages. I work in education, and have heard this for years. Well, sounds like the GOP needs to take it’s own advice.
I don’t feel like my standard of living is dropping at all. I make more money than ever, have the biggest retirement fund in my life (which is a pretty low bar, lol), an “emergency” savings account, no debt but a mortgage and student loans, am able to buy things I couldn’t afford in the past, and will have my student loans gone in about a year. All things considered, I’m living my best life.
Inflationary periods affects us all, but far from everyone is suffering. For instance if your business is in a position to raise prices and yet still meet demands, you can be golden. If you recently sold your house, you could be golden. All of course temporary, but so will be this inflation IMO. After all, much of inflation is a redistribution of income and money.
Are you in a business that is booming as the Pandemic ends and people are now demanding more of it?
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