Inflation

[Michael G.]

How is your household coping with the high prices out there?

[Koapaka]

At this point in our life, wealthy accumulation and financially status a blip on the radar for US....but we are doing everything possible to protect our heirs and our designees to any and every possible legal loop hole advantage with footwork to roll with the punches

[Dana1963]

Obviously prices up buy ONLY what I need for food as I always have hated waste. At the end of the month I still have more than enough left over.
What I have noticed after being away for 6 months still disappointed in the Chinese Restaurants only get one won ton in my soup here were as for up north I get 4. As far as most sit down restaurants here Quality and Quantity is lacking for what I have enjoyed in my previous 6 months I’ll be eating more at home here. There is no shortage of Turkeys for Thanksgiving contrary to what the news reports.

[dewilson58]

:crap2::crap2::crap2:

[ejp52]

Well this time last year gas was around $1.799.

[Kenswing]

Insignificant..

[DAVES]

Obviously prices up buy ONLY what I need for food as I always have hated waste. At the end of the month I still have more than enough left over.
What I have noticed after being away for 6 months still disappointed in the Chinese Restaurants only get one won ton in my soup here were as for up north I get 4. As far as most sit down restaurants here Quality and Quantity is lacking for what I have enjoyed in my previous 6 months I’ll be eating more at home here. There is no shortage of Turkeys for Thanksgiving contrary to what the news reports.

One wonton? You need to find another place. Chinese food? Reality most of what we eat is Chinese style for Americans. Chinese people do not eat what we like and order.
Both Chow Mein and fortune cookies were invented in the US.

I've never eaten wild turkey but what we buy is far different than wild turkey. The original thanksgiving was likely deer and goose even corn was not what we eat today.

[Koapaka]

I totally agree...insignificant to those of us whose teens are out of the house, whos college financial obligations are complete and in the review mirror...but some of our kids are not quit there yet, and the impact on them has been HUGE

[dewilson58]

Inflation is a tax on lower income people.

[DAVES]

How is your household coping with the high prices out there?

Sounds like an attempt for a complaint thread. Yes gasoline is way up but I am no longer working and I drive about 10% of what I used to.

We must deal with what is not what should be. The CPI consumer price index is now 6.2% we pay that with after tax money so I need to make over 8% to be even. The stock market? I am up roughly 30% for the year. No I do not approve of what is going on.

I'm no cockeyed optimist but we have a choice. You can look at your lawn and see the weeds or you can see the flowers.

HAPPY THANKSGIVING TO ALL.

[DAVES]

Inflation is a tax on lower income people.

That is what you are being fed. It is a tax on all. What we are fed a tax on lower income people more than higher income people is mathematical spin. It assumes that higher income people save/invest part of their income. That is true at least for some. I know people who earn a great deal of money and save nothing. Even money you save, the cpi consumer price index is now 6.2. You pay that after taxes I have to make over 8% just to be even.

[MDLNB]

Sounds like an attempt for a complaint thread. Yes gasoline is way up but I am no longer working and I drive about 10% of what I used to.

We must deal with what is not what should be. The CPI consumer price index is now 6.2% we pay that with after tax money so I need to make over 8% to be even. The stock market? I am up roughly 30% for the year. No I do not approve of what is going on.

I'm no cockeyed optimist but we have a choice. You can look at your lawn and see the weeds or you can see the flowers.

HAPPY THANKSGIVING TO ALL.


Nothing wrong with being pragmatic, either.:popcorn:
I am surviving inflation, but those that work for a living are having it tough. A 50% increase in fuel makes those that commute to work a bit nervous. The price of groceries are up and it may be alright with us empty nesters, but a family of four will have it tough. Christmas is going to be rough for many, but AMERICANS always survive the rough times. My Dad went through a lot rougher time in his life span than any of us ever will. I have worked three jobs and supported a family of six, but today's grown children do not understand that kind of work ethic (in general).

We went through an inflation period back in the 70's and I remember odd and even days for lining up for gasoline. There is an old saying:
Hard times create hard men
Hard men create good times
Good times create soft men
Soft men create hard times.


Pray for the work force, that they can make it through this difficult time. When we only use our cars once a week and never go very far out of the Villages, we don't worry about the price of fuel. Remember that when you shrug off inflation.

[DAVES]

I totally agree...insignificant to those of us whose teens are out of the house, whos college finincial obligations are complete and in the review mirror...but some of our kids are not quit there yet, and the impact on them has been HUGE

I have no answer for you. I graduated in 1974 with 13,000 worth of college loans.
In today's dollars roughly 78.000. My degree, was worth nothing in terms of employment.
That was my fault. I decided failure was not an option. That is the reason for my success. Failure was not an option. I got married. We lived cheap. I worked two jobs and shot weddings on the week ends. I paid back the money I borrowed. A strange concept for many.

[Michael G.]

I paid back the money I borrowed. A strange concept for many.


Kids with student loans could learn something with your statement......:bowdown:

[Garywt]

:crap2::crap2::crap2:

I hope this doesn’t mean you have to eat horse meat.

[manaboutown]

Worst inflation in 40 years!

[Two Bills]

One less dine out meal, and that's weekly inflation cost covered.
All is good!

[RICH1]

Inflation, not a thing we can do about it! I’m not cutting back on anything that I do at this point in my life..not many years left , so doing the best to Enjoy them. Happy Thanksgiving to all

[Rwirish]

Bump

[mike1946]

I'm a Brit Rain or Snow bird - live in Country Club Hills - just filled up my diesel car here in the UK - Premium Diesel is £1.59 a litre there are 3.5 litres to the standard US gallon - the exchange rate from £ to $ is around 1.35 :-
So 1.59 x 3.6 x 1.35 = $7.72 a gallon.
My Point ??? Stop Whining.

[mike1946]

Whilst I'm about it ... Turkeys in Publix were $0.49 per pound so a 16 pounder runs at $7.84. My Local supermarket here in the UK is selling turkeys at £3.25 a pound so a 16 pounder is £52 or just over $70 and you think you are paying too much !! Hmmmmmm.

[thevillages2013]

I'm a Brit Rain or Snow bird - live in Country Club Hills - just filled up my diesel car here in the UK - Premium Diesel is £1.59 a litre there are 3.5 litres to the standard US gallon - the exchange rate from £ to $ is around 1.35 :-
So 1.59 x 3.6 x 1.35 = $7.72 a gallon.
My Point ??? Stop Whining.
What you pay for items on a tiny island has no bearing on prices here

[Fanfaron2020]

How is your household coping with the high prices out there?

"Dollar Tree will raise prices to $1.25 by the end of April."
P.S. I pretty much live at the Dollar Tree... amazingly great price on everything!

Dollar Tree Will Raise Prices to $1.25 by End of April - The New York Times (https://www.nytimes.com/2021/11/23/business/dollar-tree-price-increase.html)

[nn0wheremann]

How is your household coping with the high prices out there?
No problems, really. Restaurant meals cost more, but I still tip 20%. If they get too pricy because labor costs are up, I might adjust the tip. Just drove 1300 miles to Iowa for the holiday, the most I paid for gas was $3.09, most was bought for less than $3.00. In the 70s & early 80s I paid almost that much, the car burned a lot more of it, and my salary was about 25% of my current income. The only outrageous price I can recall from this trip was $4.50 for a McDonalds Filet o Fish sandwich. Mickey D can take a hike!

If you want to do something about inflation, quit buying all this imported junk. For Christmas give gift cards, so your grandkids can catch the after Christmas sales. All those ships will get unloaded sometime soon, then there will be a glut of goods in the stores, at deep discounts.

[mkjelenbaas]

Very well!

[wsachs]

Well this time last year gas was around $1.799.

Stock market at record high. Home prices up. Most of my driving is in a golf cart that gets more than 30 mpg. I fill up the five gallon tank once a month and golf 3 days a week and wife 2. Shop and go to Dr's, Publix, restaurants all in cart.

[Marine1974]

I bet they would eat what we eat if they were hungry. Lol

[coconutmama]

Well this time last year gas was around $1.799.

Supply & Demand. Pandemic in full swing last year. Prices low. Comparing apples to oranges.

Go back 5 years. We are about .50 cents a gallon up since then. Prices will moderate.

As another poster mentioned, this is not bad compared to the 70’s when we had to buy gas on odd or even days.

At least the unemployment rate is at a 50 year low.

[Bay Kid]

I bought TIPS government bonds early this year. Value based on inflation.

[dewilson58]

That is what you are being fed.

Clueless.

I will type slower for you.

When it's stated, a tax on the poor.............it means proportionally.
Proportionally it hurts the poor significantly more than the rich and upper classes.
Additionally, the poor does not have investments out performing inflation.
Hope you learned something this morning.

Be thankful today.

:ho:

[toeser]

How is your household coping with the high prices out there?

Financially, we are in a place where this does not hurt us. However, I am angry for those it does hurt because much of this is a self-inflicted wound by our government.

[toeser]

I'm a Brit Rain or Snow bird - live in Country Club Hills - just filled up my diesel car here in the UK - Premium Diesel is £1.59 a litre there are 3.5 litres to the standard US gallon - the exchange rate from £ to $ is around 1.35 :-
So 1.59 x 3.6 x 1.35 = $7.72 a gallon.
My Point ??? Stop Whining.

Just because Europe has screwed things up does not mean we have to be happy about what goes on here.

[airstreamingypsy]

To the OP, don't you hate when you try to stir up.... you know what..... and it falls flat? Happy Thanksgiving......

[Proveone]

Well this time last year gas was around $1.799.
Gas was lower last year because of the pandemic and people were working from home and travel was way down. Gas prices are determined by a number of factors, one being supply and demand. Last year demand was low, therefore the price of gas was low. Other factors that affect gas prices are the fossil fuel industry, Wall Street traders, Hedge Fund Managers and Global demand . In July of 2008, gas was $4.11 a gallon. So it has gone down since then!

[Vermilion Villager]

How is your household coping with the high prices out there?
Actually the majority of Americans, and 80% of the people who call TV home are flush with cash....Individual Savings are at record highs, wages are up, and unemployment is at a 52 year low. If you know anything about economics....the inflation is driven by high demand for goods and services.
So to answer your question....I'm good!!! :a040:

[dewilson58]

To the OP, don't you hate when you try to stir up.... you know what..... and it falls flat? Happy Thanksgiving......

:1rotfl::1rotfl:

[dewilson58]

Is that turkey I smell???

Nope, it's the end of a thread I smell.

:MOJE_whot::MOJE_whot:

[bowlingal]

there is a shortage of Turkeys 10-13 pounds. As for the wonton soup, go to Lee's kitchen. free pint of soup with lunch menus and lots of wonton

[Dantes]

But if you do nothing the weeds will take over then it’s to late to fix it

[davem4616]

I notice it at the gas pump and at the grocery store, but nowhere else yet...our real estate tax bill actually went down from 2020

it is what it is

we plan to spend the money that we accumulated one way or another

[Maish]

Have you tried Koyame in Spanish Plains?

[OhioBuckeye]

Well this time last year gas was around $1.799.

In some places it’s pushing 3.79. Eventually it’ll catch up to the people that are struggling!

[Jacob85]

This pandemic has certainly made everything more difficult and it’s like the ripple effect. The good thing is I ordered all my Christmas gifts early so am almost done with that as worried I might not get what I wanted. I believe if we can stop this virus, things will gradually get better

[New Englander]

Earlier this week I went food shopping. One of the items I wanted was some bacon for Thanksgiving breakfast. It was $10 a pound. What the h*ll is going on? No I didn't buy it!

[KAM+6]

Earlier this week I went food shopping. One of the items I wanted was some bacon for Thanksgiving breakfast. It was $10 a pound. What the h*ll is going on? No I didn't buy it!

You have to watch for "specials". I bought Jimmy Dean bacon for $3.75.

[Michael G.]

I feel sorry for the young families that have to drive any number of miles to make a living with gas prices the way they are.

If you see any of them over Thanksgiving today, give them a big "thank you" for making an effect to support themselves in stead
of relying on the government.

[Kenswing]

I feel sorry for the young families that have to drive any number of miles to make a living with gas prices the way they are.

If you see any of them over Thanksgiving today, give them a big "thank you" for making an effect to support themselves in stead
of relying on the government.
Seriously? :ohdear: Should we give them a participation trophy also?

[dewilson58]

Seriously? :ohdear: Should we give them a participation trophy also?

:1rotfl::1rotfl::1rotfl:

[justjim]

What you pay for items on a tiny island has no bearing on prices here

I believe the OP’s point is that we Americans have a lot to be thankful for. Happy Thanksgiving! :clap2:

[Lil GTO]

Yes but see you choose to live where fuel has always been high, big beautiful homes outrageously price and the working mans standard of living on the lower side.

We choose to
Live here where there is a middle class that worked hard but lived a good life because our system allows competitiveness to keep pricing affordable.

We don’t want to give I our way of life if we did we’d move to Europe or an other area in the world where you get nothing for your hard earned money.

Gas and everything else should be exactly where it was 18 months ago there is no reason other than the greed of government here for it to be otherwise.

I'm a Brit Rain or Snow bird - live in Country Club Hills - just filled up my diesel car here in the UK - Premium Diesel is £1.59 a litre there are 3.5 litres to the standard US gallon - the exchange rate from £ to $ is around 1.35 :-
So 1.59 x 3.6 x 1.35 = $7.72 a gallon.
My Point ??? Stop Whining.

[Michael G.]

Seriously? :ohdear: Should we give them a participation trophy also?

Absolutely, for the fact their smart enough to be employed.

[Kenswing]

Absolutely, for the fact their smart enough to be employed.Setting the bar a little low aren't you? I would feel very insulted if someone thanked me for having a job. Smart has nothing to do with being employed. Responsible, determined, having integrity maybe. But smart? Granted, being intelligent will probably get you farther in life. The smart ones are the ones who have figured out how to get the rest of us to pay their way.

[Michael G.]

Granted, being intelligent will probably get you farther in life.

It also keeps you from standing at Walmart pertaining to be homeless.......:boom:

[bumpa]

Student loans? No one out runs them.

[Gigi3000]

Its keeping me from shopping for a new car. Inflation microchips or whatever...

[Michael G.]

Its keeping me from shopping for a new car. Inflation microchips or whatever...

Yes, and it forces people to take inventory on their spending, and be thankful for what they have.

[MDLNB]

Actually the majority of Americans, and 80% of the people who call TV home are flush with cash....Individual Savings are at record highs, wages are up, and unemployment is at a 52 year low. If you know anything about economics....the inflation is driven by high demand for goods and services.
So to answer your question....I'm good!!! :a040:
Totally wrong! Take a look on a gov site and check the stats on how many are no longer in the work force. Count those as unemployed and you will see the difference. Just because less folks qualify for unemployment does not mean there is LOWER unemployment. "If you know anything about economics" you would understand that. And, no I do not know much about economics but I can read numbers. The gov has some great websites that have historical data on employment.

[kcrazorbackfan]

Spending money like there’s no tomorrow….

[egmcaninch]

Insignificant..

I don't think so... It impacts travel of all kinds + the transport costs of anything that is purchased = higher prices for all, including those who cannot afford it. Not insignificant at all, especially when it can be remedied.

[Topspinmo]

That is what you are being fed. It is a tax on all. What we are fed a tax on lower income people more than higher income people is mathematical spin. It assumes that higher income people save/invest part of their income. That is true at least for some. I know people who earn a great deal of money and save nothing. Even money you save, the cpi consumer price index is now 6.2. You pay that after taxes I have to make over 8% just to be even.

Yep, makes difference who has money at the end of month and who goes in hole working two or more jobs. Do you really think you can speak for the poor? Sorry you’re loosing measly 2.8%, the horror.

[Topspinmo]

I'm a Brit Rain or Snow bird - live in Country Club Hills - just filled up my diesel car here in the UK - Premium Diesel is £1.59 a litre there are 3.5 litres to the standard US gallon - the exchange rate from £ to $ is around 1.35 :-
So 1.59 x 3.6 x 1.35 = $7.72 a gallon.
My Point ??? Stop Whining.


My point move and stop paying queen’s tax to keep them in their tax free compounds. I mean really kings and queens In this century. Talking about gullible…

[Topspinmo]

Gas was lower last year because of the pandemic and people were working from home and travel was way down. Gas prices are determined by a number of factors, one being supply and demand. Last year demand was low, therefore the price of gas was low. Other factors that affect gas prices are the fossil fuel industry, Wall Street traders, Hedge Fund Managers and Global demand . In July of 2008, gas was $4.11 a gallon. So it has gone down since then!

Want to bet it’s exceeds $4.11. Big oil just loves when government flips, now their making more on gallon of gas that government.

[banjobob]

Encouraging people to think how it started

[mkjelenbaas]

How is your household coping with the high prices out there?
We have stopped spending any money as a form of protest!!

[mike1946]

What you pay for items on a tiny island has no bearing on prices here
This tiny island that has greater than 20% of the population of the entire USA on a tiny island that could probably fit 6-8 times into Texas - have you never heard of global trade ?? ...You are getting your cheap gas from shale and fracking ...soon those producers will realise they can get more for their gas on this tiny island ....ditto Turkeys etc. 6 to 8 times the price .. then you will start to see some shortages ... Hello Global Trade from this tiny Island !!!

[mike1946]

From a purely British perspective I do not see myself as European.

[mike1946]

Our Monarchy in the UK costs the British taxpayer around £1.20 (about $1.50) per annum per person ...this is less that 0.1 % of what the President of the USA costs the American taxpayer .. Our monarchy attracts a huge amount of foreign tourism and state visits to foreign countries attract a huge bonus for British business ... if we are talking a value for money scenario I know which one I would go for.

[Cliff Fr]

I think the media has hyped up the so called "high turkey prices" We shopped at Publix in Ocala Tuesday and frozen turkeys were 49¢ per pound. Now gas prices, that's a different story!

[Andyb]

Sad, that most of you are only concerned with yourselves, when many Americans, especially the lower and middle income people are struggling because of inflation, that did not have to happen.

[Jgg7933]

Well it wasn't quite that low. Click link for historical info for the U.S. by year. Its also important to remember "THERE WAS A PANDEMIC"! Nobody was traveling, planes were not flying etc, etc and oil was trading for below ZERO! Maybe that had something to do with the lower prices last November? Look at the data on the attached for yourselves. Yes, Gas is higher than normal but it is not absurd in price. Last November Gas nationally was $2.20 but for an "apples to apples" comparison you have to go back to November 2019 where it was $2.69. Back in 2011- 2013 gas was at its highest on this chart.

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=m

[Villages Kahuna]

Tough to pass on bacon. But at $9.00 a pound for house brand I’ll have to wait for my next BLT.

[sdm1222]

Is that turkey I smell???

Nope, it's the end of a thread I smell.

:MOJE_whot::MOJE_whot:
Wrong, again...

[dewilson58]

Wrong, again...

Yep, surgical removals.

:MOJE_whot:

[Lindsyburnsy]

no one was driving, remember? No demand= Low gas prices. Now price gouging trying to make up for lost revenue.

=ejp52;2033414]Well this time last year gas was around $1.799.[/QUOTE]

[jimbomaybe]

Totally wrong! Take a look on a gov site and check the stats on how many are no longer in the work force. Count those as unemployed and you will see the difference. Just because less folks qualify for unemployment does not mean there is LOWER unemployment. "If you know anything about economics" you would understand that. And, no I do not know much about economics but I can read numbers. The gov has some great websites that have historical data on employment. Good point, the more people who are not in the work force the fewer people adding to productivity and at the same time are still consumers adding to demand, the supply /demand equation cannot change ,, law of economic gravity

[DaleDivine]

Our Monarchy in the UK costs the British taxpayer around £1.20 (about $1.50) per annum per person ...this is less that 0.1 % of what the President of the USA costs the American taxpayer .. Our monarchy attracts a huge amount of foreign tourism and state visits to foreign countries attract a huge bonus for British business ... if we are talking a value for money scenario I know which one I would go for.

Just wondering, do you own property in the USA? If so , why since UK is so great? Also, we have lots of people from UK and European nations coming here to work, Why if it's so much better on the other side of the pond? And the US has probably at least 10 times more tourists than UK...
:ohdear::popcorn::bigbow::bigbow:

[MDLNB]

From a purely British perspective I do not see myself as European.


Oh, did Brexit change your status? Just curious.

[tvbound]

Well this time last year gas was around $1.799.
Worst inflation in 40 years!

Both of those statements are factually incorrect. It really isn't that hard to do a simple search, to find facts and the truth. Then again, it seems more and more people are completely uninterested in facts and the truth, so for some people embellishments/hyperbole are just easier to make - and to believe.

U.S. All Grades All Formulations Retail Gasoline Prices (Dollars per Gallon) (https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=m)

Inflation notches a fresh 30-year high as measured by the Fed'''s favorite gauge (https://www.cnbc.com/2021/10/29/inflation-notches-a-fresh-30-year-high-as-measured-by-the-feds-favorite-gauge.html)

[Dana1963]

Just wondering, do you own property in the USA? If so , why since UK is so great? Also, we have lots of people from UK and European nations coming here to work, Why if it's so much better on the other side of the pond? And the US has probably at least 10 times more tourists than UK...
:ohdear::popcorn::bigbow::bigbow:
Why does this always turn into a p*****g contest about where people are from.

[tvbound]

While predicted that inflation would occur after the worst of the pandemic had passed, it's a shame that those on the lower part of the economic ladder are seeing their increased gains in wages being eroded by it.

https://www.washingtonpost.com/business/2021/11/10/inflation-wages-workers-october/

While there are some levers that can be pulled by those in charge to try and help, there are a lot (such as the world price of crude), that no single person (regardless of their position) - can meaningfully affect. Right now, there is also an effort being made by corporations to try and make up for lost profits since the pandemic started. Ironically, for the +-52% of Americans that own stock in one form or another (individually/mutual funds/pensions/Etc.), the steady rise in stock prices outweigh the cost of inflation. Once again, it is those who don't own stocks - that are being hit the hardest.

[tvbound]

Why does this always turn into a p*****g contest about where people are from.

Because a lot of people have to feel superior to others, in any way they can find?

[Normal]

OPEC running the show, inflation and a housing crisis…we saw this before in the late 70’s. We will over come it just like we did then. Enjoy life in the Villages and let the young sort out their problems.

[manaboutown]

Both of those statements are factually incorrect. It really isn't that hard to do a simple search, to find facts and the truth. Then again, it seems more and more people are completely uninterested in facts and the truth, so for some people embellishments/hyperbole are just easier to make - and to believe.

U.S. All Grades All Formulations Retail Gasoline Prices (Dollars per Gallon) (https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=m)

Accelerating Inflation Spreads Through the Economy - WSJ (https://www.wsj.com/articles/us-inflation-consumer-price-index-september-2021-11634074529)


Inflation notches a fresh 30-year high as measured by the Fed'''s favorite gauge (https://www.cnbc.com/2021/10/29/inflation-notches-a-fresh-30-year-high-as-measured-by-the-feds-favorite-gauge.html)

And it is just getting started.

Highest Core Inflation in 40 Years Crossing Wall Street (https://www.crossingwallstreet.com/archives/2021/05/highest-core-inflation-in-40-years.html)

Japan'''s wholesale inflation hits 40-year high as fuel costs spike | Reuters (https://www.reuters.com/business/japans-wholesale-inflation-hits-40-year-high-fuel-costs-spike-2021-11-11/)

Fed'''s inflation gauge hits fresh 31-year high as prices continue to soar | Fox Business (https://www.foxbusiness.com/economy/federal-reserve-inflation-gauge-high-prices-continue-soar?fbclid=IwAR3Z9Bwk7YVeGkIwDo6HaRElb7o0jwo9uUq3 txxhpx-QgC6FWuBLue-TqkQ)

Inflation surges to its highest since 1990 : NPR (https://www.npr.org/2021/11/10/1054019175/inflation-surges-to-its-highest-since-1990)

[tvbound]

And it is just getting started.

Highest Core Inflation in 40 Years Crossing Wall Street (/archives/2021/05/highest-core-inflation-in-40-years.html)

Japan'''s wholesale inflation hits 40-year high as fuel costs spike | Reuters (/business/japans-wholesale-inflation-hits-40-year-high-fuel-costs-spike-2021-11-11/)

Fed'''s inflation gauge hits fresh 31-year high as prices continue to soar | Fox Business (/economy/federal-reserve-inflation-gauge-high-prices-continue-soar?fbclid=IwAR3Z9Bwk7YVeGkIwDo6HaRElb7o0jwo9uUq3 txxhpx-QgC6FWuBLue-TqkQ)

Inflation surges to its highest since 1990 : NPR (/2021/11/10/1054019175/inflation-surges-to-its-highest-since-1990)

As I stated, your statement was incorrect - so thanks for the links proving it. It's the highest inflation in 30 years (as historically measured) - not 40 years. As far as "it's just getting started," you (nor anyone else) - knows that for sure.

[VApeople]

How is your household coping with the high prices out there?

We don't buy a lot of clothes or groceries or gasoline, so the new inflation has little effect on us.

However, I recall the horrible 1970's when were raising a family, and I hate to see inflation rearing its ugly head.

[manaboutown]

As I stated, your statement was incorrect - so thanks for the links proving it. It's the highest inflation in 30 years (as historically measured) - not 40 years. As far as "it's just getting started," you (nor anyone else) - knows that for sure.

For core inflation it is indeed the highest in 40 years.

Thanksgiving Gas Prices at Least $1.20 More than Last Year (https://www.breitbart.com/politics/2021/11/25/thanksgiving-gas-prices-least-1-20-more-last-year/?utm_source=facebook&utm_medium=social&fbclid=IwAR1URkNB3PKtOTMCwr3pPXlAfljOVScP4ytxkaVMQ _8gFwUMTyhrXT887FU)

The point is we now are experiencing extremely high inflation, be it the highest in in 30 or 40 years, it is bad news, especially to seniors on fixed incomes.

BTW, it is just getting started. Wait and see!

[Luggage]

Since we've had about six years of the stock market Rising and at least doubling am I would say most people are quite happy

[Luggage]

Yes, I have three children in their 30s, the oldest bought a House ten years ago, now worth well over a million, the middle child just two years ago and still a double in value, but the third child while making six figures cannot afford anything since the average house where they live is at least $500,000. You shouldn't be so snide in your remarks as this really does affect everybody down the line

[Luggage]

Turkey is only $0.49 a pound this week typically Publix sales turkey frozen their brand at $1 .49 per pound I want to see let's just keep the facts straight Charlie

[wamley]

It's a tax everyone, but felt the most by those with less.

[JMintzer]

Turkey is only $0.49 a pound this week typically Publix sales turkey frozen their brand at $1 .49 per pound I want to see let's just keep the facts straight Charlie

Seems they are now trying to move their leftover stock...

[OhioBuckeye]

How is your household coping with the high prices out there?

How am I coping, I don’t have a choice! Whether I’m coping or not we all have to do our best until it changes, if it does.

[OhioBuckeye]

Both of those statements are factually incorrect. It really isn't that hard to do a simple search, to find facts and the truth. Then again, it seems more and more people are completely uninterested in facts and the truth, so for some people embellishments/hyperbole are just easier to make - and to believe.

U.S. All Grades All Formulations Retail Gasoline Prices (Dollars per Gallon) (https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=m)

Inflation notches a fresh 30-year high as measured by the Fed'''s favorite gauge (https://www.cnbc.com/2021/10/29/inflation-notches-a-fresh-30-year-high-as-measured-by-the-feds-favorite-gauge.html)

I was in Chicago 3 weeks ago & gas was as high as $3.70. & traffic looks as bad as it was in the 90’s.

[Aloha1]

Inflation, not a thing we can do about it! I’m not cutting back on anything that I do at this point in my life..not many years left , so doing the best to Enjoy them. Happy Thanksgiving to all

Wrong. We CAN do something about it. Self inflicted wounds can be healed. Decisions have consequences.

[Rainger99]

Actually the majority of Americans, and 80% of the people who call TV home are flush with cash....Individual Savings are at record highs, wages are up, and unemployment is at a 52 year low. If you know anything about economics....the inflation is driven by high demand for goods and services.
So to answer your question....I'm good!!! :a040:
Unemployment claims are at a 52 year low - not unemployment. In October, 2021, the unemployment rate was 4.6 percent. That is not a 52 year low. The number of unemployed persons was 7.4 million. In February, 2020, the unemployment rate was 3.5 percent and 5.7 million were unemployed.

[MDLNB]

Unemployment claims are at a 52 year low - not unemployment. In October, 2021, the unemployment rate was 4.6 percent. That is not a 52 year low. The number of unemployed persons was 7.4 million. In February, 2020, the unemployment rate was 3.5 percent and 5.7 million were unemployed.


Good on you for explaining facts to the misguided that allow MSM to think and direct for them. No wonder we are in the situation we are in currently. We have people on MSM telling everyone that "all is OK, nothing to see here."

[manaboutown]

I was in Chicago 3 weeks ago & gas was as high as $3.70. & traffic looks as bad as it was in the 90’s.

Chevron Premium is well over $5/gal in Orange County, CA where I came for Thanksgiving. It had been around $3/gal when I was here last, several months ago.

Ships are still lined up waiting at sea to get into LA and Long Beach Harbors. One's anchor broke an oil line a few months ago and caused a huge oil spill and oil slick. Stores are out of certain items and prices have gone way up. Shortages!

Look at used and new car prices; it is next to impossible to find a new car equipped just as one wants.

Although we are not yet circling the drain we are heading in that direction. What a mess!

[Lindsyburnsy]

Yep that’s why it’s such a great idea to give gigantic tax breaks to the wealthiest🤔

[BolinJabjab]

Kids with student loans could learn something with your statement......:bowdown:

If the government is gonna start forgiving student loans, how do I get my credit for paying my loans off.

[Normal]

Inflation is here to stay as long as we suppress fossil fuel exploration, regulate, tax and flood the economy with borrowed dollars.

[coralway]

Unemployment claims are at a 52 year low - not unemployment. In October, 2021, the unemployment rate was 4.6 percent. That is not a 52 year low. The number of unemployed persons was 7.4 million. In February, 2020, the unemployment rate was 3.5 percent and 5.7 million were unemployed.





The unemployment rate as late as April 2020, was 14.8%

[dewilson58]

Yep that’s why it’s such a great idea to give gigantic tax breaks to the wealthiest🤔

When did the wealthiest get gigantic tax breaks???

[manaboutown]

Yep that’s why it’s such a great idea to give gigantic tax breaks to the wealthiest������

The top 10% paid over 71% of the personal income tax paid in 2018. In 1980 they paid slightly less than 50%.

Who Pays Income Taxes? - Foundation - National Taxpayers Union (https://www.ntu.org/foundation/tax-page/who-pays-income-taxes)

[paulajr]

You are very lucky to be in a position where you thing this horrible inflation is “insignificant”…not all of us are…

[Topspinmo]

Why does this always turn into a p*****g contest about where people are from.

Because of the spouting off my country greater than your.

[Topspinmo]

Yep that’s why it’s such a great idea to give gigantic tax breaks to the wealthiest🤔


The wealthiest always get gigantic tax breaks cause their lobbyists and lawyer’s write the tax laws with all the tax breaks for them. That’s why there will NEVER be flat tax.

[Topspinmo]

As I stated, your statement was incorrect - so thanks for the links proving it. It's the highest inflation in 30 years (as historically measured) - not 40 years. As far as "it's just getting started," you (nor anyone else) - knows that for sure.

Dreamer

[Topspinmo]

Since we've had about six years of the stock market Rising and at least doubling am I would say most people are quite happy

Yes, and it could be all gone in month. What happens when invest in Ponzi scheme.

[Topspinmo]

If the government is gonna start forgiving student loans, how do I get my credit for paying my loans off.

Sorry, use suckers don’t get redeemed.

[Normal]

Inflation will stop when we start paying down debt and stop printing extra cash for our citizens. As long as money is free and you don’t have to work for it, it is worth less of course.

[OhioBuckeye]

Chevron Premium is well over $5/gal in Orange County, CA where I came for Thanksgiving. It had been around $3/gal when I was here last, several months ago.

Ships are still lined up waiting at sea to get into LA and Long Beach Harbors. One's anchor broke an oil line a few months ago and caused a huge oil spill and oil slick. Stores are out of certain items and prices have gone way up. Shortages!

Look at used and new car prices; it is next to impossible to find a new car equipped just as one wants.

Although we are not yet circling the drain we are heading in that direction. What a mess!
Oh I don’t disagree with anything you said what you said is the truth. We bought a new Ford Edge a week & a half ago & yes the price went up 7 to $8,000. from a yr. ago. Our country is a mess! We drove from Texas to Ohio & Texas & Oklahoma gas was $2.99 & still is today, in fact some places here in TX. it’s $2.94. Every state north of Oklahoma was $3.13 to $3.59. Illinois was the highest we saw & still is!

[Gigi3000]

Obviously prices up buy ONLY what I need for food as I always have hated waste. At the end of the month I still have more than enough left over.
What I have noticed after being away for 6 months still disappointed in the Chinese Restaurants only get one won ton in my soup here were as for up north I get 4. As far as most sit down restaurants here Quality and Quantity is lacking for what I have enjoyed in my previous 6 months I’ll be eating more at home here. There is no shortage of Turkeys for Thanksgiving contrary to what the news reports.

It seems quality is really down.in touristy areas. Was in Myrtle Beach few months ago and not one decent meal, even went to the Hook and Barrell. Ended up eating appetizers all week which seem better than the Entrées. Went to Paducah Ky last month and not one bad meal!!

[manaboutown]

We are now experiencing the highest rate of inflation in almost 40 years according to the latest news.

[npwalters]

Inflation is a tax on lower income people.

Inflation is a tax on everyone. It places a greater burden on lower income people.

[Dana1963]

You know who's not hurting from inflation? Big business.

Andy Kiersz Nov 9, 2021, 4:24 PM

Wall Street NYSE Bull
Corporate profits are looking pretty bullish these days. Spencer Platt/Getty Images
A report from FactSet found that firms in the S&P 500 are on track for near-record high profit margins.
Corporate profits have been skyrocketing since the start of the pandemic, and margins keep getting fatter.
That is not what you'd expect to see from skyrocketing inflation, meaning inflation could be less of a problem than widely reported.
We are all being fooled

[tophcfa]

I wish the powers that be would stop blaming inflation on false narratives like the supply chain and the pandemic. Time tested and proven economics tells the real truth. Ever since the housing bubble crashed in 2007/2008 interest rates have been kept artificially low, the money supply has been steadily and dangerously increased through something called quantitative easing, and non-stop deficit spending has resulted in ever increasing levels of unsustainable debt. All of these actions used to be things that were reserved as very short term emergency measures to help pick up the economy during a time of crises, then very quickly reversed to prevent run away inflation. However, this time around these once extreme and drastic measures were never reversed, instead they have been irresponsibly continued non-stop for almost 14 years. The result is that our economy became hopelessly addicted to them. We now live in a crazy world where the market does good when we get bad economic news because the market views this as a reason to continue these reckless and irresponsible policies. Since there is a significant lag effect between irresponsible economic policy and the ultimate result of runaway inflation, we are only now beginning to see the results, which is runaway inflation, not transitional. Sure, supply chain shortages might be the fuse that finally ignited the ticking time bomb, but the bomb would have gone off eventually regardless. Unfortunately, the longer this irresponsible policy is allowed to go on, the harder it is to break the addiction, and the worse the pain is when the crap ultimately hits the fan. So here we are, get used to this inflation. The only way to get this under control, in any reasonable time frame, will be to follow the playbook of Paul Volcker, the former Chairman of the Federal Reserve. During the late 70’s and early 80’s, Volcker jacked up interest rates to extremely high levels, with short term T Bills reaching 20% and the 10 year UST rate reaching almost 16%. Unfortunately, taking these actions today is next to impossible without totally crippling the economy. Unlike the late 70’s, our economy today is hopelessly addicted to debt and cheap money. Raising interest rates to tame inflation when a country is over $30 trillion (and counting) in debt would result in literally every tax dollar collected needing to be used to just pay the interest on the debt, with little hope of ever paying down any of the debt. Think about it, there would not be a single penny available to spend on things like defense, infrastructure, or social programs. Talk about politically unacceptable! So here we are, facing a prolonged period of runaway inflation, caused by years and years of irresponsible policy, with virtually no politically acceptable tools at our disposal to do anything meaningful about it. Older people who have responsibly saved and invested over many years should be able to weather this storm, albeit possibly having to make some small sacrifices. On the other hand, I am extremely worried that younger generations will be feeling pain from this for a long time. Bottom line, the outlook for the value (purchasing power) of the dollar is not good.

Dam, I haven’t exercised my brain like that since I retired many years ago. One last thing, this is NOT a political post. The irresponsible policy, that has us where we are, has been going on for many many years, through multiple administrations and Federal Reserve Chairpeople, run and appointed by both parties. Buckle up, it’s going to be a long and rough ride.

[Bay Kid]

I bought TIPS the 1st of the year. Figured it was a safe bet with the direction we are heading.

[dewilson58]

Inflation is a tax on everyone. It places a greater burden on lower income people.

that's the meaning behind the statement. :coolsmiley:

[dewilson58]

Inflation is a tax on everyone. It places a greater burden on lower income people.

that's the meaning behind the statement. :coolsmiley:

[retiredguy123]

I bought TIPS the 1st of the year. Figured it was a safe bet with the direction we are heading.
I agree. A convenient way to invest in TIPS (Treasury Inflation Protected Securities) is to buy shares in the Vanguard Inflation-Protected Securities Fund.

[dewilson58]

I bought TIPS the 1st of the year. Figured it was a safe bet with the direction we are heading.

Jus can't be that conservative.

[charlieo1126@gmail.com]

I agree. A convenient way to invest in TIPS (Treasury Inflation Protected Securities) is to buy shares in the Vanguard Inflation-Protected Securities Fund.Hi God forbid people use Vanguard funds they are sooooo vanilla, all they do is make money for the boring people who aren’t cool enough to have guys to call, or gold in storage or bit coin or the next big thing , I’m a vanguard guy for 20 years and still dollar cost averaging