Posted on 07/11/2014 11:13:29 AM PDT by PoloSec
Because in real terms (adjusted for inflation) you literally are poorer, with pretty much each passing day.
Even those with significant assets are hurting. Keeping up with inflation was, most of the time, not terribly difficult. A cd at the local bank was often enough. But now, with interest rates at historic lows it is very difficult to find low risk yield. It’s either get into the market or get left behind.
Grandma shouldn’t be in the market, especially the way it is now.
What we see here is the Federal Reserve keeping the debt game going. This is good for the banks, but not so good for nearly everyone else.
(From Economicnoise.com)
For those still working, most are losing purchasing power each year. Wages are not keeping up with inflation, even the understated numbers reported by government. In short, the decline of a once-great economic power is well underway. The country is no longer growing enough to raise everyone’s standard of living.
Government has killed the golden goose and in an attempt to hide the obvious is debauching the dollars. Government tries to hide their own failure with phony statistics and a welfare state designed to placate the masses. Bread and circuses are deceptions not progress.
I had some drawer slides stocked away I bought about 2005 or so I think. The price on them was $3.16 each... $13.00 now.
Shocking.
Why the distinction? Obozo has screwed retirees even worse, since we have had a .1% increase in benefits since he took office. But of course, Congress has bumped welfare benefits up by over 30% in the same period. Couple this with free cell phones and try to tell me Congress isn't out to buy votes.
Now that I’m retired I’ll be getting poorer at an even faster rate since COLA is pegged at CPI minus 1 point. All I can hope for is that I’m not down to eating cat food by check out time.
We are doing just fine, and will net $40k on a house we bought just 5 years ago thanks to the oil boom here in West Texas.
But, it’s location.
If I were back home in Kansas, we would not be doing so well. Teaching salaries have barely budged there in five years, only a couple grand. Here, they have gone up close to 10 grand in that time because the economy is booming.
Now, if Obama has his way with oil regulation, that might change.
Actually, it’s worse. We went from (before age 65) having very good insurance coverage. Now, since Medicare is the primary payer, and the private insurance the secondary, we end up paying at the doctor’s office MORE for medical care, plus the fees taken out of SS for Medicare coverage, which reduces the SS each month a lot more than that.1% raise.
Hey, look at the upside! I’m losing weight. Food packages are much smaller and shrinking, to make you think they’re not more expensive than they were (they are by weight). So tinier boxes and bottles and cans make for smaller meals. The once mighty Big Mac is a small fraction the size what it was ten years ago.
Stationary Prepper?
Cat food is expensive.
But, but, but the Free Traitors said that moving all of our manufacturing and industrial jobs to Red China and other 3rd World pits was going to make us all rich!
Revelation 6:6
Not enough. Take the average employee, whatever the salary, and show the chart of “raises” compared to real inflation...over 20 years.
Dogs too for that matter.
Squirrels can be trapped, no need to shoot them.
Do your processing indoors to avoid observation.
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