[justjim]

“Most people are as happy as they make up their mind to be.” Most of us who retired and live in The Villages are very fortunate.

[Two Bills]

People keep banging on about the debt our kids will have to pick up.
It's our kids who have been running the show for years.
Blame them.
Our turn at the wheel has long passed.

[Stu from NYC]

Originally Posted by Two Bills

People keep banging on about the debt our kids will have to pick up.
It's our kids who have been running the show for years.
Blame them.
Our turn at the wheel has long passed.

Only partially. Lots of old folks in our govt

[positiveinlife]

As the song goes..."what goes up must come down" Well I've been waiting too long! More than 20% increase in prices of goods we all must buy does not make me happy.

[manaboutown]

I graduated college in 1964. From then until now "officially" inflation has averaged 3.97% per year.

Inflation Calculator 2024 - Calculate U.S. Inflation by Year

Am I happy about it? Yes and no. I am pragmatic about it. It helped me in my younger years as I was investing in real estate with very high leverage and was able to more than double a down payment in a year. Nowadays it is more a question of holding on to what I have.

[Caymus]

Originally Posted by Two Bills

People keep banging on about the debt our kids will have to pick up.
It's our kids who have been running the show for years.
Blame them.
Our turn at the wheel has long passed.

Is your kid 81?

[justjim]

Originally Posted by manaboutown

I graduated college in 1964. From then until now "officially" inflation has averaged 3.97% per year.

Inflation Calculator 2024 - Calculate U.S. Inflation by Year

Assuming you’re correct, inflation is currently below average. That’s humbling.

[Topspinmo]

Originally Posted by dewilson58

Why are people happy with 3.3% inflation??

Stock market jumps.
Buy/Buy/Buy.

I guess it's better than 9.9%.

Are you happy??

3.3% above the 59% last few years. Stock market inside Ponzi scheme. manipulated by billionaires and career _——-. They know outcome of their actions.

[Topspinmo]

Originally Posted by positiveinlife

As the song goes..."what goes up must come down" Well I've been waiting too long! More than 20% increase in prices of goods we all must buy does not make me happy.

Some things don’t come back down.

[MorTech]

Keep voting to grind your grandchildren between the millstones of taxes and inflation...they will eventually love you for it

The idea is that with people getting poorer, the fed will lower interest rates so the Wall Street Casino(WSC) will enjoy cheap money again.

Gubbermint spending is now approaching 50% of the total economy...True banana republic stuff. I suspect inflation is here to stay...And so does Powell. When Powell leaves we will get MMT free money so inflation will go even higher.

[OrangeBlossomBaby]

Originally Posted by Two Bills

People keep banging on about the debt our kids will have to pick up.
It's our kids who have been running the show for years.
Blame them.
Our turn at the wheel has long passed.

I have no kids. I blame all YOUR kids. And you, for not teaching them right. How about them apples!

[tophcfa]

Originally Posted by OrangeBlossomBaby

I have no kids. I blame all YOUR kids. And you, for not teaching them right. How about them apples!

Do you hit the accelerator when you see one of those signs that says “drive like your kids live here”?

[villager7591]

Inflation reduction act took care of everything, right ?

[Keefelane66]

Haven't had to dive into my pension check or 401k only my SOC SEC and still have money left over…

[Bill14564]

Originally Posted by villager7591

Inflation reduction act took cares of everything, right ?

Stats say 7.0%, 6.5%, IRA, 3.4%, 3.3% (through first five months). Looks like a significant drop to me.

Causation or just correlation? I imagine books will be written attempting to answer that.