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How will “8.6%” inflation affect Brown?
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<blockquote data-quote="DELACROIX" data-source="post: 5520705" data-attributes="member: 49065"><p>Unfortunately staying out of debt will only delay the end process. Traditional Pension Plans are being gutted in favor of 401K</p><p>'s, rising Health Care costs are hurting our coverages forcing us into paying more into co-pays and deductibles and forget about affordable retirement health care coverage, companies are now extending the retirement age closer to age 65 just to prevent paying for their early retirees. The Company just eliminated it's management pension plan and will raise their annual Health and Welfare co-pays to save a buck, the same can happen to the collective bargaining employees.</p><p></p><p>I have a 765 dollar mortgage on a house that I bought 13 years ago...3 bedroom pre-civil war carpenter gothic, excellent condition, 1800 square foot on 3/4 an acre...3 story detached garage/studio, 1200 sq foot. Just read what an 1 bedroom apartment rental would cost in the same area...1,100 a month, a 3 bedroom house 2,400... </p><p></p><p>Frankly I do not see how people are doing it, especially on the West and East coasts....</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 5520705, member: 49065"] Unfortunately staying out of debt will only delay the end process. Traditional Pension Plans are being gutted in favor of 401K 's, rising Health Care costs are hurting our coverages forcing us into paying more into co-pays and deductibles and forget about affordable retirement health care coverage, companies are now extending the retirement age closer to age 65 just to prevent paying for their early retirees. The Company just eliminated it's management pension plan and will raise their annual Health and Welfare co-pays to save a buck, the same can happen to the collective bargaining employees. I have a 765 dollar mortgage on a house that I bought 13 years ago...3 bedroom pre-civil war carpenter gothic, excellent condition, 1800 square foot on 3/4 an acre...3 story detached garage/studio, 1200 sq foot. Just read what an 1 bedroom apartment rental would cost in the same area...1,100 a month, a 3 bedroom house 2,400... Frankly I do not see how people are doing it, especially on the West and East coasts.... [/QUOTE]
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How will “8.6%” inflation affect Brown?
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