Retiree behaviors in the time of inflation (boomers, difference, Texas)
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It’s all relative too. We may look wealthy to some and not to others. There are also hidden elements such as health care costs and in our case we are helping out two relatives monetarily each month for a year or two , one to help pay for care for our dear mother in law with dementia and the other a single mother who is owed several thousand in child support and can’t pay for babysitting( can’t even find a babysitter in her area) or daycare.
I find the resentment towards seniors so narrow minded, prejudiced and unfair.
I have never found any resentment towards seniors. Maybe its just where I live.
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Millions of livestock were killed during 2020 due to Covid when shipping suddenly shut down or slowed down. There is way less meat in America due to this. Meat prices are getting a double whammy of inflation but also due to the massive kill off.
To be frank, who would expect a college student to have the current income sufficient to cover the cost of an expensive student loan?
I worked at Walmart, Food City, did some PC repair/building, and some construction type work during college. It was low income work. I might have made $13,000 on my best years. My primary focus was school. No one would have loaned me money based on my then current income.
With regard to inflation, the best you can hope for with a student loan is a fixed rate, and that your wages scale up quickly enough to pay the loan back.
This board skews extremely affluent. I wouldn't use most of the people on this board as any sort of proxy for a typical senior in American society.
One person who posts frequently, but in spurts, was particularly interesting to me. Based on the person's user names, where they went to grad school/worked (they've freely shared this information on public posts many times), and a good bit of Googling/research, I figured out who the person was. Sure enough, the name I found ties back to the same user name they use on C-D (and other places), as well as where the C-D poster has said they live. This person has at least $10,000,000 invested between properties. If they have $10,000,000 in property, they are probably worth at least a few tens of millions more.
I know some people who are doing pretty well. I don't personally know (at least that I know of) anyone on a first name basis with that level of affluence.
I know that's not common, but even a typical "moved from the coasts to the heartland" person with a pension, could easily have hundreds of thousands in home equity contributing to their net worth, have a net worth of a couple million dollars, and have a lucrative (at least by the local) standards. There's probably a couple dozen people reading this post in the latter scenario.
More than a dozen. Get out of the sticks and lower income area and you could discover a whole new world.
Hot chocolate with mushroom "superfood" added. You can buy it all over, also mushroom coffee is popular.
You can't taste it in the hot chocolate.
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Moderator: Relationships Forum / Hawaii Forum / Dogs / Pets / Current Events
Millions of livestock were killed during 2020 due to Covid when shipping suddenly shut down or slowed down. There is way less meat in America due to this. Meat prices are getting a double whammy of inflation but also due to the massive kill off.
It's called "culling" and they didn't kill off all the livestock. Stockers were kept and allowed to grow on pasture rather than shipped off to the sales barn. Ranchers just didn't breed their cows. You keep the bull in one pasture and the girls in another.
And livestock has recovered. Cattle prices are actually down right now. Pigs can have up to 3 litters a year.
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