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| 05:29 PM | ||
| Users Online Now: 2,111 (Who's On?) | Visitors Today: 1,065,576 | |
| Pageviews Today: 1,778,371 | Threads Today: 717 | Posts Today: 12,813 |
| 05:29 PM | ||
Real INFLATION is here!! | |
BRIEF
 User ID: 39607259  United States07/05/2020 08:14 AM  Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 77156583  Hong Kong07/05/2020 08:15 AM Report Abusive Post Report Copyright Violation | Brief will feed all our wet mouths. He is an expert at the stocks. He tells anyone he can to get into them and max out the 401k. Shit, does he give handys too? Quoting: Anonymous Coward 77156583 The best thing to do with a tax deferred account is to ignore it for 40 years or more... Are you fucking insane? Do you not recognize what is going on around you? Are you from the past or the future? From the present makes no sense. What makes sense is if you don't have a job, get one and start saving for retirement... Plenty of work in my Red State. Many don't have the stamina to go to work. I'm on constant overtime due to the millennials not showing up to work. No call no shows... Spot on. Wherever you are, look for tech jobs and report back. Stat really! |
| Oxi moran
(OP) User ID: 69024664 United States07/05/2020 08:15 AM Report Abusive Post Report Copyright Violation | $45,000 base pay today is equivalent to $22,500 in 1990 which was a lousy wage then. Quoting: Anonymous Coward 70727027 So basically if you and your wife make $90,000 then you are making what a single guy working as an industrial mechanic or electrician made as a craftsman in 1990...and working in a very low expense region. They hakved wages and that is not even discussing health insurance which was ruined along with most benefits. Sure some in urban areas make MORE, but what is median price home cost? It's ridiculous, so you make even less in purchasing power than someone in a rural area. One big drawback from the rural areas are that you dont have many options when it comes to stores. Keep this in mind: city/suburban areas are generally way cheaper on prices for just about everything because there are so many stores competing. In rural areas you may have 1 maybe 2 stores and they can charge what they want. Btw, i much prefer rural areas... |
| Anonymous Coward User ID: 79050981 United States07/05/2020 08:17 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 79099957  Peru07/05/2020 08:19 AM Report Abusive Post Report Copyright Violation | Brief will feed all our wet mouths. He is an expert at the stocks. He tells anyone he can to get into them and max out the 401k. Shit, does he give handys too? Quoting: Anonymous Coward 77156583 The best thing to do with a tax deferred account is to ignore it for 40 years or more... 401K is a tax, not an investment. You'll understand this soon. . |
| Anonymous Coward User ID: 70727027 United States07/05/2020 08:19 AM Report Abusive Post Report Copyright Violation | But today, everyone goes to college so large debt just starting off. Say you worked from 1987-1990, and then earned 45K. Your buddy back then went to college so earned zerobut incurred debt. So you made maybe 108K +45K so $153,000 back then while they had a negative networth of -30,000. |
| Anonymous Coward User ID: 77119396 United States07/05/2020 08:21 AM Report Abusive Post Report Copyright Violation | Sunflower seed hearts for birds was $30/75lbs in January. June it was $75/75 lbs. Yogurt is $1 per small 1/2 c serving. That's crazy. Utilities are the same price, but the luxury of cable is 25% higher. WAY too many times Walmart has 1 price on the shelf and another at the register. Kroger seems to be more competitive with the 5 buy discount. |
| Anonymous Coward User ID: 77156583 Hong Kong07/05/2020 08:23 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 70727027 United States07/05/2020 08:24 AM Report Abusive Post Report Copyright Violation | Back then, some guys straight out of college and maybe working as elementary teachers wondered, "Why the heck did I go get a degree at all"? They could have made 153,000 likely more with overtime instead of going to the university. It was worse because they had to get their masters and beyond like rank 1 to teach in middle and high school. It was smarter to work for a factory and get settled and marry. Those guys waiting were 22 and restless while others were settled in their first homeswith a pretty wife and with a baby on the way. |
| Anonymous Coward User ID: 69943434 United States07/05/2020 08:24 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 79073715  Canada07/05/2020 08:27 AM Report Abusive Post Report Copyright Violation | What products are you noticing big price increases on in the last few months/weeks? I bought a washer 2 months ago and now the base price on the same washer is $150 higher!!!! That is a 30% inflation rate in 2 months!!! Quoting: Oxi moran Used car prices are up dramatucally as well! im in the business here in cdn. thats mostlt due to us not being able to export most of ours to you as we do normally |
| Anonymous Coward User ID: 70727027 United States07/05/2020 08:27 AM Report Abusive Post Report Copyright Violation | Back then when you calculated lost wages and benefits versus a degree and debt, then it was foolish. You would have to eventually make up the difference, so honestly that meant the headache of management. A lot of engineers could do it, but only if they ended up in management. It was equally smart to start a business say as a subcontracter for housing. |
| Anonymous Coward User ID: 70727027 United States07/05/2020 08:36 AM Report Abusive Post Report Copyright Violation | Say a young devout man wants to be a pastor. The situation is bad given the open hostility to Christianity. Churches are closing in urban zones. You need a bachelors and seminary training and would be lucky to get paid $40,000. You can't ever pay off your loans and make up the lost wages. After along series of youth a d assoxiate pastors jobs, you might work for a large church, but with the pandemic, lots of churches arein trouble financially. It used to be the smart path was becoming an RN by a 2 year associate's degree as the wages were high enough and the degree short time wise, so a very smart way to make decet wages. Inflation has hit them hard. To cope means a lot of overtime and most likely would cause divorces in any young ladies in that field. |
| DuckNCover
User ID: 78922242 United States07/05/2020 08:37 AM  Report Abusive Post Report Copyright Violation | $45,000 base pay today is equivalent to $22,500 in 1990 which was a lousy wage then. Quoting: Anonymous Coward 70727027 So basically if you and your wife make $90,000 then you are making what a single guy working as an industrial mechanic or electrician made as a craftsman in 1990...and working in a very low expense region. They hakved wages and that is not even discussing health insurance which was ruined along with most benefits. Sure some in urban areas make MORE, but what is median price home cost? It's ridiculous, so you make even less in purchasing power than someone in a rural area. One big drawback from the rural areas are that you dont have many options when it comes to stores. Keep this in mind: city/suburban areas are generally way cheaper on prices for just about everything because there are so many stores competing. In rural areas you may have 1 maybe 2 stores and they can charge what they want. Btw, i much prefer rural areas... That also depends how rural you live... City people make more money, therefore merchants charge more because people make more money... I have relatives on Long Island NY. Their meat prices are typically twice as much as mine and I live just outside of a small town in Oklahoma... Gas prices are less expensive here due to less State taxes and the refineries are in Texas. Overall, it is less expensive to live here. New housing is going up for $130K-$150K. Pre-existing homes can be found below $100K. Therefore, don't have to make as much since I don't live in NYC or a big city... |
| Anonymous Coward User ID: 76809044 United States07/05/2020 08:39 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 78496694 Canada07/05/2020 08:40 AM Report Abusive Post Report Copyright Violation | Minimum wage in 1976 was $2.30/hour which is $4,784 a year which is equivalent due to inflation to $21,369 today. Quoting: Anonymous Coward 70727027 And try living on that.. in a city... Government subsidies inflate the price of everything, especially in cities. Housing, medical care, education, food. Everything the government is involved in subsidizing gets inflated. Why? Because pool of potential customers is expanded.  |
| Anonymous Coward User ID: 73506449 United States07/05/2020 08:40 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 77183860 United States07/05/2020 08:42 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 76809044 United States07/05/2020 08:44 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 73506449 United States07/05/2020 08:46 AM Report Abusive Post Report Copyright Violation | people complain about all the multi-million dollar salaries Quoting: Anonymous Coward 76809044 that business Executive get paid. but it's really not all that much. they've just been keeping up with inflation, year after year, since 1960. so, actually, the pay is about the same. To bad our wages haven't kept up with inflation. Notice how that's never really talked about though. |
| DuckNCover
User ID: 78922242 United States07/05/2020 08:46 AM Report Abusive Post Report Copyright Violation | Many people predicted this months ago, that's what happens when you shutdown an economy, print trillions and give it to billionaires. V shaped recovery my ass. Quoting: Anonymous Coward 73506449 It's recovering rather nicely here in Oklahoma. People are spending more and have more time to fix their vehicles and things around their home. Stores are packed with customers and restaurants are doing great. The only thing not open are the movie theaters and some bowling alleys. Otherwise, it is a V-shaped recovery here... Get out of your Blue States before it's too late!!! |
| DuckNCover
User ID: 78922242 United States07/05/2020 08:48 AM Report Abusive Post Report Copyright Violation | people complain about all the multi-million dollar salaries Quoting: Anonymous Coward 76809044 that business Executive get paid. but it's really not all that much. they've just been keeping up with inflation, year after year, since 1960. so, actually, the pay is about the same. To bad our wages haven't kept up with inflation. Notice how that's never really talked about though. I hear ya, executives are not following the 1-100 rule. It's more like the 1-1000+ rule... |
| TheProphecy
User ID: 78531648 United States07/05/2020 08:50 AM Report Abusive Post Report Copyright Violation | people complain about all the multi-million dollar salaries Quoting: Anonymous Coward 76809044 that business Executive get paid. but it's really not all that much. they've just been keeping up with inflation, year after year, since 1960. so, actually, the pay is about the same. To bad our wages haven't kept up with inflation. Notice how that's never really talked about though. I hear ya, executives are not following the 1-100 rule. It's more like the 1-1000+ rule... this. |
| Anonymous Coward User ID: 70727027 United States07/05/2020 08:53 AM Report Abusive Post Report Copyright Violation | Even back then in the nineties, a frugal husband could fix everything himself, and live modestly, and buy meat in bulk and have a freezer, and rarely by nice clothing, and do fine. You went camping instead of going to the beach to save money. I don't see how young couples make it now. It's destructive to the family by design so anti-christian. One routinely saved children's clothing for your other kids as hand me downs, and even gave them away to friends at church to help other young couples. Old cars frequently went this route too. You hardly ever bought new appliances or furnishings. You bought used appliancdes and repaired them as they were not complicated.u People were just more generous and kinder then. They also had more practical skills or were poorer as a result. |
| Anonymous Coward User ID: 70727027 United States07/05/2020 08:57 AM Report Abusive Post Report Copyright Violation | If you can't save anything, how can you tithe or ever take a family vacation or pay for your kids college or deal with unexpected vehicle issues or unemployment? I think young married couples must either not save at all or are living on borrowed time when unemployment hits. |
| judahbenhuer
User ID: 75047855 United States07/05/2020 08:59 AM Report Abusive Post Report Copyright Violation | I noticed a chip special at the grocery store. Everything else is twice what I paid for before. Meat 3x times. Quoting: Anonymous Coward 79098027 The "patriots" Fox news viewers will tell you all is fine. Those damn democrats are the problem. Otherwise all is great!!! L 0 L Yeah...I would rather have higher prices and 3 times the taxes under the libs. (sarc) But the 'feel good' projection is sooooo worth it...is it not? And as a bonus, houses belonging to democrats and liberals will be moved to the bottom of the riot-target-destroy list...so there's that, too!! “My religious belief teaches me to feel as safe in battle as in bed. God has fixed the time for my death. I do not concern myself about that, but to be always ready, no matter when it may overtake me. That is the way all men should live, and then all would be equally brave.” -Stonewall Jackson "The Bible that is falling apart usually belongs to a person who is not." - Charles Spurgeon “I apprehend no danger to our country from a foreign foe . . . Our destruction, should it come at all, will be from another quarter. From the inattention of the people to the concerns of their government, from their carelessness and negligence, I must confess that I do apprehend some danger. I fear that they may place too implicit a confidence in their public servants, and fail properly to scrutinize their conduct; that in this way they may be made the dupes of designing men, and become the instruments of their own undoing. Make them intelligent, and they will be vigilant; give them the means of detecting the wrong, and they will apply the remedy.” “If we abide by the principles taught in the Bible, our country will go on prospering and to prosper; but if we and our posterity neglect its instructions and authority, no man can tell how sudden a catastrophe may overwhelm us and bury all our glory in profound obscurity.” -Daniel Webster |
| Buzzcheeze
User ID: 79071687 United States07/05/2020 09:03 AM  Report Abusive Post Report Copyright Violation | You can thank the Democrats for that. Last Edited by Buzzcheeze on 07/05/2020 09:05 AM "TRUMP WON" "I love deadlines. I like the whooshing sound they make as they fly by" 'My ego is smaller than yours Why is abbreviation such a long word “When seconds MATTER, cops are only minutes away "Cut out a man's tongue and you dont prove him a liar. It just proves you fear what he has to say" |
| Anonymous Coward User ID: 79057220 Canada07/05/2020 09:07 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 77812377 United States07/05/2020 09:18 AM Report Abusive Post Report Copyright Violation | Minimum wage in 1976 was $2.30/hour which is $4,784 a year which is equivalent due to inflation to $21,369 today. Quoting: Anonymous Coward 70727027 And try living on that.. in a city... In WA state its 13.50/hrs or $27k/year if you can actually get 1080 hours (hint, you can't w one job)...still, I managed to save a third of the $19k I brought home last year. Inflation is really happening fast here though. Used cars inflated the most, old pickups have tripled in value since March, so much that I'm now seeing 88 ford ranger 2wd w 300k miles going for $3500, that truck was unsellable over $800 last year. Electronics, if you can find them, have only gone up 20-25%, food is up across the board with a typical grocery trip up 30% for me. I haven't had to stop saving yet, but I'm not saving nearly what I was last year. |
| Anonymous Coward User ID: 72497887 United States07/05/2020 09:20 AM Report Abusive Post Report Copyright Violation | Used prices of Bicycles, Canoes, and Kayaks have Skyrocketed! Dims getting Free Money to Not Work has had a Huge impact on the prices and availability. Bicycles on craigslist disappear faster than ever, at prices higher than ever. Old Town Canoe/Kayak uploaded a YouTube video last week telling customers to be patient as they have hired new staff and are running at maximum capacity. Demand is High! MAGA |
