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Originally Posted by Pennyt
1. Just saw today that inflation is down to 3.2% which is a significant drop from the past 2 years.
2. Mortgage rates are slowly dropping - back when I bought my first house, interest rates were over 13%. I would have thought 7% was a bargain!
3. Gasoline prices are down -we've always been much cheaper than the rest of the world.
So, the media keeps repeating how awful we all have it. But I see that health insurance is now available to more people than ever before, drug prices are being negotiated so our prescription costs may drop, infrastructure is beginning to be improved which will create more jobs....to me that sounds like more good news than bad. Economies take time to react to policies. Things seem to be looking up!
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Gotta love it when they tell you that inflation is ONLY 3.2%. Anyone that does the grocery shopping, knows better. Eggs down? Yes, they were but now twice what they were before covid. Maybe I am mistaken, but just two days ago someone on TV said inflation is still 90% higher than three years ago. Gas "down?" C'mon!!! Yes, we have always paid more than other countries, but other countries are NOT America and we certainly use a lot more than those tiny countries in Europe, where they can get to work on a bicycle. It's nice to live in the Villages where $3.00 a gallon seems okay. But, many Americans drive an hour one way to work every day. In Jan 2021 the price of gas was a little over two bucks a gallon. When our leaders tell us that inflation is down, they mean that the current rate has gone down after it had skyrocketed earlier. When they say unemployment is down, they are blowing smoke because the truth is that almost one third of our population is NOT in the labor force today. Only a little less than half our citizens are working full time. Over 43 million are living in poverty. The average price of a new car in 2000 was $22610 and now over $55K. That information was from government sites.
Sure, we are doing great, .....not. If you are on a static pension, then you are losing money every year and the little raise in Social Security won't be enough to pay the increase in your private health insurance premium. By the way, the price of a dozen eggs is twice what it was in 2000.