Anyone Afraid Of Inflation?

[Over70irregs]

Inflation moving up.

Hot prices: Inflation rose to 3.5% in March in bad news for Biden and Fed - Washington Examiner

Inflation rose to 3.5% for the year ending in March, the Bureau of Labor Statistics reported Wednesday in an update to the consumer price index.

www.washingtonexaminer.com

This is the part where you think why save in mediums that are dying?

 

[Wally]

Lol, OOPS, Democratic US Rep. Jim Clyburn cut off live on MSNBC. He was saying Biden has inflation under control — only to get cut off by with the news that prices rose more than expected last month.

MSNBC cuts off Democratic congressman’s rant that inflation problem is ‘disinformation’ — to report prices rose 3.5% March

“Inflation today is about 40% of what it was when Joe Biden took office,” Jim Clyburn (D., SC) told MSNBC, though the latest inflation reading marks a 150% increase from January 2021.

nypost.com

 

[Over70irregs]

______ has remained a more stable asset than fiat currencies like the USD, which has declined yearly since 2009 due to inflation.

 

[Over70irregs]

Inflation is great if you own assets. Disaster if your poor.

 

[Lineandinitial]

 

[Over70irregs]

US adults now need a record $1.5 million on average to retire. Last year, in 2023, a typical person needed $1.3 million.

 

[BadIdeaGuy]

US adults now need a record $1.5 million on average to retire. Last year, in 2023, a typical person needed $1.3 million.

Current CD rates are above 5% if you go looking.

That means 1.5 million would provide a close to zero risk return of over $75,000 a year before social security or pensions.

I don't think you need 1.5 million.

 

[Over70irregs]

Current CD rates are above 5% if you go looking.

That means 1.5 million would provide a close to zero risk return of over $75,000 a year before social security or pensions.

I don't think you need 1.5 million.

We don’t. Maybe with inflation actually in the teens they do. Just think…. they are printing 1Trillion every 100 days.

 

[Over70irregs]

Found independent article. Crap it contains some info….. https://filecache.mediaroom.com/mr5...24 PP Wave II Data Deck_ Work Retirement.pdf

 

[IVE GOTTA PACKAGE 4U]

Bank of America profit hurt by losses on credit cards

Bank of America reported an 18 percent drop in profit for the first quarter of this year, as the bank set aside more money to cover consumer credit card losses.

www.dailymail.co.uk

 

[Over70irregs]

The lowest salary Americans will accept at a new job reached a record high — CNBC

The share of people looking for a new job and expecting higher pay is on the rise.

apple.news

 

[Over70irregs]

The “American dream” is a debt trap:
$80,000- College
$30,000- Wedding
$300,000- Home
$40,000- Car

We trap people in their 20’s & they spend the next 35+ years giving most of their time to a job to pay it all off.

America does not run on Dunkin… it runs on consumer debt