Inflation

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  #1  
Old 11-24-2021, 07:03 PM
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How is your household coping with the high prices out there?
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Old 11-24-2021, 07:07 PM
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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
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Old 11-24-2021, 07:28 PM
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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.

Last edited by Dana1963; 11-24-2021 at 07:33 PM. Reason: Add to comment
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Old 11-24-2021, 07:30 PM
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Old 11-24-2021, 08:01 PM
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Well this time last year gas was around $1.799.
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Old 11-24-2021, 08:03 PM
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Insignificant..
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Old 11-24-2021, 08:08 PM
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Quote:
Originally Posted by Dana1963 View Post
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.
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Old 11-24-2021, 08:14 PM
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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

Last edited by Koapaka; 11-25-2021 at 03:45 AM.
  #9  
Old 11-24-2021, 08:16 PM
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Inflation is a tax on lower income people.
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  #10  
Old 11-24-2021, 08:20 PM
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Originally Posted by Michael G. View Post
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.
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Old 11-24-2021, 08:27 PM
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Originally Posted by dewilson58 View Post
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.
  #12  
Old 11-24-2021, 08:33 PM
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Quote:
Originally Posted by DAVES View Post
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.
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.
  #13  
Old 11-24-2021, 08:37 PM
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Quote:
Originally Posted by Koapaka View Post
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.
  #14  
Old 11-24-2021, 09:58 PM
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Quote:
Originally Posted by DAVES View Post
I paid back the money I borrowed. A strange concept for many.

Kids with student loans could learn something with your statement......
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Old 11-24-2021, 10:28 PM
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Originally Posted by dewilson58 View Post
I hope this doesn’t mean you have to eat horse meat.
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