Inflation
 

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

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

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.

:crap2::crap2::crap2:

Well this time last year gas was around $1.799.

Insignificant..

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.

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

Inflation is a tax on lower income people.

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.

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.

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.

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.

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

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

Worst inflation in 40 years!

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

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

Bump

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.

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.

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

NoKiddin
 

"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

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.

Very well!

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.

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

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.

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

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:

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.

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

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

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!

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:

:1rotfl::1rotfl:

Is that turkey I smell???

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

:MOJE_whot::MOJE_whot:

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

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

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